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My questions was just about options. Why can the options be granted at all? The best decision is just to say: We pay you a big salary. If there will be no specific results till some time , you will be fired or your salary will be decreased. The company is not profitable,however, the CEO is using the options. Unbelievable.
What does it mean "fairly earned"? Did he invent Blarcamesine? CEO'a salary is much larger than the one of any professor or scientist. Why incentives? And who in a company does decide? The board that was formed by CEO? Who permitted incentives in public companies?
BTW Dr. Missling has sold half of these shares for $6-7 per share.
Are incentives for CEO reasonable thing? Dr. Missling is not a crook. However he bought 500,000 shares for $1.7 per share this year. Who and why does decide to create this incentive for him?
This is my old email. I am a little bit surprised why members of this a very active board are busy with problems they can't change.
Now, when the share price is in $5-6 area, I would like to discuss with you and members of this very active board some general questions about CEOs of public companies.
To tell the truth, I don't think that Dr. Missling is a very bad CEO. I think he is trying to do his best - hiring a former FDA specialist, partnership with Partex Group for AI development of drugs - these are his positive achievements. That is a pity, as a result of unskillful presentations of results of phase 2b/3 trial of blarcamesine we came to this pitiful situation.
And now my general question. My impression is that CEOs of public companies think that they are owners of companies and will remain CEO forever and can do anything they want.
Can you or anybody else explain why there are incentives for them? Is their salary is not good enough incentive? Again, my impression is that they introduce incentives for themselves. Of course, formally, this is not a case but only formally.
The largest "public company" is our country. And Presidents have their salary and no incentives. Let's consider public universities. There is no incentives there as well.
Dr. Missling bought recently half a million of shares with $1.7 price. Was this an incentive? His salary is $700,000. In usual life, as a university professor he could earn $150 K - 200 K. Do you agree that this is a big difference? Why there are these additional incentives?
Of course, I am wrong if Dr. Missling invented blarcamesine.
Next question is about how long a CEO of any public company can have this position? And again, presidents or chancellors of public universities have their position no more than eight years. Who has decided that CEOs can have their position for life?
There are several other questions, however, I think it will be too much to ask them just now.
Can our board try to change something here?
Thank you,
Ostap
Now, when the share price is in $5-6 area, I would like to discuss with you and member of this very active board the general question about CEOs of public companies.
To tell the truth, I don't think that Dr. Missling is a very bad CEO. I think he is trying to do his best - hiring a former FDA specialist, partnership with Partex Group for AI development of drugs - these are his positive achievements. That is a pity, as a result of unskillful presentations of results of phase 2b/3 trial of blarcamesine we came to this pitiful situation.
And now my general question. My impression is that CEOs of public companies think that they are owners of companies and will remain CEO forever and can do anything they want.
Can you or anybody else explain why there are incentives for them? Is their salary is not good enough incentive? Again, my impression is that they introduce incentives for themselves. Of course, formally, this is not a case but only formally.
The largest "public company" is our country. And Presidents have their salary and no incentives. Let's consider public universities. There is no incentives there as well.
Dr. Missling bought recently half a million of shares with $1.7 price. Was this an incentive? His salary is $700,000. In usual life, as a university professor he could earn $150 K - 200 K. Do you agree this is a big difference? Of course, I am wrong if Dr. Missling invented blarcamesine.
Next question is how long a CEO of any public company can have this position? And again, presidents or chancellors of public universities have their position no more than eight years.
There are several other questions, however, I think it will be too much to ask them just now.
Please don't reply with your famous "Complete Nonsense", just give your point of view.
2023 Anticipated Milestones, please?
2023 Anticipated Milestones, please?
2023 Anticipated Milestones, please?
Thank you very much. It would be the best for the members of the board if you give a detail commentary of this slide.
Thank you for your explanation. Still I didn't understand how it was possible for CEO to pick measures that suited him/trial. He is not a stupid guy, he is not a criminal. His decision was based on something. Maybe he demonstrated results for people with some special DNA (I mean that the patient's DNA specific properties say that this medicine can give positive results of treatment for this patient)!?
Maybe Anavex is ahead of the all planet in such an approach to find the patient cohort who will be successfully treated?
That is why we all need a reasonable analysis from a qualified scientist.
That is a pity, there is no analysis of what happened with reporting results of phase 2b/3 study or Ananvex 2-73-AD-004. Just too much of twaddle. Why results were not recognized? I am new here and for me it is important to understand this. Maybe including the DNA analyses was absolutely new for analysts and FDA? Can anybody explain what happened?
Can you explain why this is good news
And still nobody can explain what is happening. Just Wow! Wow! Wow!
What is the reason for this dramatic dynamics of SP.
Change of the management? No
Arrest of Mr. Bonar? No
Income growth? Who knows
Then what is the reason?
And what is result of your DD?
XenaLives,
can you explain this dynamics of SP during the last week. Is there any reason for this? Problems created by Bonar for the company are the same now I think. Then why this huge run?
My opinion about Boner is the same as yours. And because of this, what do you think about the current CEO? Is he independent?
Are you long?
Thank you.
Can you please give a short analysis of reasons for this huge dynamics. Many years p/s was very low. What happened? Folks discuss some liabilities. The management remains almost the same. Of course there are subsidiaries, however they didn't bring increase of income so far. There were some problems with IRS if I remember correctly. What changed? And what we can see in future, I mean revenue, cash, debt, etc.
Thank you
Thank you
Can you please describe any positive result from previous clinical studies?
What is the date of the most current filing?
Great! However, where did you find this, is this number correct?
Can you please tell how many outstanding shares this company has? On-line information is for 2012 year. Thank you.
Can anybody please tell us what properties VRTHF has just now? Maybe this will help to realize what opportunity are here.
Can you please explain what are these 3 treatment about?
It seems to me that the real CEO is Bonar and this is a disaster. Do you remember times when his salary as CEO was higher than market cap of TREP?
Thank you
Thank you
LNG, please explain numbers for Mr. Huhn
Before 2020-02-07 he had 15,942,404 shares
after that he has 3,985,601.
What did happen with 11,956,803 shares? Sold?
I apologize for this stupid question.
I like your message with some reasonable analysis of the company. I have a question. What property, from your point of view, the company has in Canada? Thank you.
Can you describe who is Mr. Howard Misle, what are his achievements, what working relations he had with CFO of the company?
How did he become CEO of the company?
Dear LongNDeep2,
Can you please describe changes after the company became Citation Growth Corp.?
How the management has changed and what does it mean for the company?
What experience did Citation group bring to the company?
What possible harvest can be available for the company from the property that belonged to members of Citation group?
In detail if possible.
You are the only person who knows details, however, since you are always optimistic, some members of the board put you under suspicion.
Thank you.
This question is for all participants.
Why they decided to do RS which resulted in 4-6 times decrease of share price?
Why they decided to publish this last PR about great future?
To tell the truth, I am afraid results of 3rd quarter are not so good.
Something is wrong with your statement. Please read carefully.
Citation Growth Corp. Advances Toward the Construction Completion of Company's First Cannabis Production Facility in British Columbia
,Newsfile•November 12, 2019
Amendments to Celista Joint Venture Agreement Facilitate $6.3 Million in Capital to Conclude Construction of 10,000 Square Foot Celista Property
Kelowna, British Columbia--(Newsfile Corp. - November 12, 2019) - Citation Growth Corp. (CSE: CGRO) (OTCQX: CGOTF) ("Citation" or the "Company"), a licensed cannabis cultivator and producer, announces that it has entered into an amended agreement (the "Amended Agreement") with 1186626 B.C. Ltd. ("1186626 ") in connection with its joint venture agreement (the "JV Agreement") on the Company's Celista property located in British Columbia (the "Celista Project").
Management has been resolute in their discovery of non-dilutive financing opportunities, in their commitment to maintain the integrity of the capital stricture. "We are very pleased with how this partnership has evolved. We have a big vision for this project, and are ready to move forward, full speed ahead, having the funding set in place." Stated, Rahim Mohamed, President. The Company is currently in the process of constructing the first two of ten buildings, totaling 100,000 square feet of cultivation and processing space at this project.
Pursuant to the JV Agreement, 1186626 was to provide a capital contribution in the aggregate amount of $10 million (the "Capital Contribution") to be delivered to the Company in four tranches of $2.5 million for the construction of ten 10,000 square foot cannabis production facilities. From the date of the agreement until the third year that all ten facilities are fully operational and in full production, project distributable cash flow (the "Project Distributable Cash") will be allocated as to 50% each to the Company and 1186626, and 100% to the Company thereafter.
Under the terms of the Amended Agreement, the Capital Contribution will be $6,350,000 (the "Amended Contribution) to finance the completion of the Company's 10,000 square foot facility, and the Project Distributable Cash has been amended as to 80% to 1186626 and 20% to the Company until the first year anniversary that 1186626's Amended Contribution has been fully repaid, and 100% to the Company thereafter.
All other terms and conditions of the JV Agreement remain the same.
In consideration of the Amended Agreement, the Company agreed to terminate its joint venture agreement with 1186626 with respect to the Chase property located in British Columbia. Additionally, further to the Company's press release dated April 22, 2019, the Company agreed to assign all of its right, title, interest in and to the Bud For You Inc. to 1186626.
As you can find this is first facility out of 10, correct?
Why so expensive?
Were they stupid before when they were going to build ten?
Are we just a bunch of idiots here or maybe there is one who can explain what is happening here?
Can anybody explain what does this amended agreement with 1186626 mean? Before cgotf had JV with 1186626. And this docilities, 10,000 square foot each. Now according to amended agreement $6.3 million will be invested to construct only one facility and conditions for this are much worse for cgotf.
Why does the construction of a primitive building cost such a huge money? Kick-back?
They issued 14.5 mlns shares during one year,in five years there will be more than 150 mln shares!!! Directors just reward each other with shares. They have to learn from CGOTF. Beginning story is similar to CNAB's, however, a new CEO is much smarter than Mr. Blackmon who, I am afraid, is thinking only about his salary ($800,000 per year?).
I think, there must be a law that permits only reasonable salary, not more than $200,000 if company is in red. That will energize them. Now, they just bunch of non-qualified and very often not honest people.
They have about 5 billion shares, since CEO has 4 mln shares each equals to 700 usual shares. He don't understand that retiring even half of them will increase the share price several times.
What do you mean "the share structure is back under control"? CEO has 4 mlns preferred shares, 1 share = 700 common shares. Explain please.
Why do you think financials are good? What is their debt? 1 million, 10 million? Nobody knows, they don't give any information. Who is CEO of the company? We know only that he has 4 million special (preferential) shares, one share is equal 700 usual shares. What does it mean? Why he is so greedy and cannot return maybe half of them to the company? In this case price would drastically increase, more than two times. It seems that Paul is the only guy who is working. How it is possible to keep everything secret for public company?
Who told you they have no debt? It is interesting that it is impossible to find the size of the company debt. How is it possible for a public company?
I think, it is huge. They gave 300 mln shares to debtors, as interest, that is my understanding.