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Bullboard - Stock Discussion Forum NeutriSci International Inc V.NU.H

Alternate Symbol(s):  NRXCF

NeutriSci International Inc. (NeutriSci) is a Canada-based company, which specializes in the production, and formulation of nutraceutical products within the business-to-business (B2B) industry. The Company is focused on the market development for its nutraceutical products. Its products utilize patented form of Pterostilbene called pTeroPure. pTeroPure Pterostilbene is a form of all-trans... see more

TSXV:NU.H - Post Discussion

NeutriSci International Inc > Info circular has been sent and several points stand out
View:
Post by VeritasVern on Jun 21, 2022 4:48pm

Info circular has been sent and several points stand out

Two things come to mind when reviewing it.

1) The directors list such as Dana Montenegro and Anthony Hugen both own ZERO shares of NU
2) A hybrid compensation plan which consists of 
    - up to 10% of the outstanding shares in this case about 16.6 million shares
    - no more the 5% to one person
    - terminated or expired options shall again be available for the purposes of the option plan and          not exceed 10 years
    - all outstanding stock options of the company shall be continued under the compensation plan
    -directors be authorized to implement or abandon resolutions in whole or in part without                       approval by shareholders.

Voting by the Voting Instruction Form closes on July 5 10 am Vancouver time.
Any thoughts on the circular and the info above?
Comment by Edcando on Jun 21, 2022 5:30pm
2 thoughts. First thought pretty standard jargon for pre AGM. Also I'm glad the options etc are renewable. We want insiders to have the chance to profit with us if/when things go well don't we?.  Tgird point , and I'm unsure why this didn't stand out for you as well. IIRC, they also have "ZERO" salaries with Glen Being the only one drawing a salary . If nothing ...more  
Comment by VeritasVern on Jun 21, 2022 5:40pm
Sure thing Eddy. Can you tell me why Dana and Anthony are on the board? Combined they own zero shares. Clearly that is not a good indicator if members of the board own no shares? You understand that when management and the board members buy shares that means they have reason to believe the the stock will do well...  
Comment by Edcando on Jun 21, 2022 7:35pm
Lok what do I look like ? Investor relations?! Go ask Jaycee or Glen why they are on the board. I think someone is feeling frustrated again . That's ok we are all frustrated. It's just some of us don't lash out with attempted gotcha questions. Are you going to ignore that whatever they are doing  on the board they are doing without a salary? Like every other insider except Glen?  ...more  
Comment by VeritasVern on Jun 22, 2022 2:18am
All four directors have been appointed since Nov 2014, two own zero shares, the other about 767k with Glen owning only 1.078 million. That 's a grand total of 1.84 million shares combined and there are individual investors as you pinted out, which hold much more than that total on their own.  Where's the board ownership on this stock? Seriously - given the potential of this company ...more  
Comment by Edcando on Jun 22, 2022 8:48am
Cool