Post by
energee on Apr 04, 2021 9:19pm
Management
Personnel
"As at December 31, 2020, Valeura had seven full-time employees in its head office in Calgary, as well as 12 full-time employees in its office in Ankara, Turkey and 52 employees at its field office in Tekirdag, Turkey."
When they close the sale it is reasonable to assume that G&A will be lower going forward. Plenty of people there for this micro-cap soon to have no production.
Management had better not be lining up to the bonus trough (like they did last year for $422K) because results in 2020 were a non-event. With the high G&A, robust management severance contracts, lack of deal activity, re-priced options et al, cashed up, this Co needs to get it in gear.
Interesting that the VLE Chairman, T. Marchant, is also a Director of TransGlobe which actually has significant assets in Egypt.
Comment by
firstworld on Apr 05, 2021 9:45am
VLE has zeros out with no achievements in last year with all those employees and highly compensate London power players....it's very embarassing for all those people they need to deliver or bail just to preserve their reputations....if they have any in the first place. Maybe they are all just c rated blood suckers and they are proud of getting something for nothing hahah.