Ceapro Inc V.CZO

Report II. Quarter Details

[fossi_2002]

https://ir.ceapro.com/financial-reports

Important!!!

I recommend every shareholder to have a look at page 6 (you can open the link above).

I am interested in the reason why the "Salaries and benefits" have increased from 316 to 493 and the "Board of Directors compensation" from 75 to an incredible 196 !!!!
In the 3rd and 4th paragraph you will find the reasoning. I would like to quote only two sentences from it:

"The primary reason for the increase in Board of Director fees is related to the Company's objective to focus on value creation and growth of the Company. In line with this objective, in the current three and six month periods, directors were engaged in assessing different strategic growth opportunities which also resulted in significant legal fees incurred mostly for conducting preliminary due diligence on one particular opportunity which has been the subject of various levels of attention by the Company during the financial year."

160% plus for the Board of Directors and how much for the shareholders?

Nothing came out of the efforts!!!

What a joke!

[boazklinghorn]

The Gilles regime has inculcated a culture of failure, where the insiders get paid no matter what and shareholders are not even a consideration. Here we have it again. The Brain trust , if I can call it that, has some crazy plan afoot to uplist a company that will need to report a couple fantastic quarters just to reach 15 million in revenue this year . This is a joke. Just listing on the nasdaq

[Ciao]

The NASDAQ carrot has been going on for years. The company narrative is that it's the "panacea" for the share price and valuation of the company over all these years, rather than the inabiity to grow the business in new markets with existing or new products (PGX) over the past decade.

[Ciao]

I don't believe there will be a plant in Germany. They are just building the 100L equipment there and will send it to Edmonton upon completion. Both these vessels, are said to lead the way eventually for the commerical size (ie. 1000L) plant in Edmonton. From memory I thought this equipment was already shipped to Canada, so I'm surprised it's still in Europe.

[boazklinghorn]

It's unclear what their intention is for the European equipment. I too thought it had been shipped but once we finally get a sit down with management we can get clarity on that and hopefully about a hundred other questions.