Re: No opinions? / 1 month to PDAC
in response to
by
posted on
Aug 25, 2009 04:21PM
Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.
Management paid by consulting fee is an advantage for two reasons: 1) salary is more visibly "pay", and someone like me has never made $250k in salary, 2) tax advantage - putting in your holding company allows lowering to corporate rates, taxes are paid in USA instead of Canada, and you can income split and take it out gradually, even write yourself a loan for zero tax.
I'm not in a position to criticize Brian Maher's intake - as I'm rooting for him!! The legal costs - dunno what is right. Is some accomplishing legal necessities, or is that a separate item
I don't mean to complain too much - we do like our management in general - it's just that they're doing ok financially (except that Brian's options haven't made him anything), while I happen to be struggling. But I don't want to beggar my neighbour - makes no sense. I even liked Bill Chornobay, but I figure we're getting a very much better deal with Brian Maher at the helm. Plus, a lot of compensation stuff is set up by the originators of the company, and to me that would be Richardsons and Phelps. I have no idea what the quid pro quo was there.
We need to be fed - news releases. I get the "solid and infrequent" notion, professionalism and all. One of you mentioned ONT, which had largely shed its "organized crime" association but the way they treat their shareholders, I agree, is not what I'd want. So we're lucky, but heck, really, can we at least split up the news enough so that we have something to chew on once every 6 weeks or so?
It's possible that the major shareholders don't mind if the share price diddles in the doldrums for a heck of a long time - they may just care about the eventual outcome. But truth is, the share price is eventually set just by what interest people have in buying and selling. I think everyone on this board is very positive and supportive - and to do our part, we need to get fed just a bit more.
Sigh. At least I know a good NR is really coming.