Post by
javaman12 on Nov 16, 2021 11:21pm
RE:Replacement for Mr Hinse
Any replacement of Renaud Hinse as CEO of Abcourt Mines should be a mining engineer.
A proper university accreditation and actual mining experience are the essential requirements for such a position.
If the new CEO fails to meet the expectations of the Board, then they may fire him and get someone else to take on the responsibility of the job.
If the new CEO of the company especially likes the company that he has been chosen to run, then in due course, he may decide to buy some shares.
Just like any other retail investor, he may decide to purchase them on the open market or exercise any options that Abcourt's Board of Directors may choose to pay him.
But options are intended to be exercised at a much higher price! So he will have to perform to gain advantage by that choice of acquisition or they would simply expire, unused.
The status of shareholder does not necessarily qualify one to be the president or be the one who has the most ability to effectively run the company.
If Renaud Hinse has not yet chosen a successor, then the Board will really have to scramble if he departs this world, in some, unexpected way.
Who may take on his role, and if the Board already knows, when will all shareholders, also be so informed?
There can be no excuse for any further share dilution if the company is still profitable. This is especially true, when a bank has already given Abcourt Mines, a most generous loan and on such easy, repayment terms.
Keep things in their proper perspective and don't wish for things that no clear thinking shareholder, would want to see!
If your head is not clear, then don't drink, so much beer!
Cheers!
All the best! Java
Comment by
fbedard29 on Nov 17, 2021 8:49am
Thanks Javaman12 for your suggestion. I will follow your advice . I will post and not drink or i will drink and not post. Fernand