Viscount Systems (VSYS)

[finrafriend]

It's better than that. The CEO of a CDN company is paid in US so that's not $175K, it's about $220K. The other part is that they are paying living expenses also as US dollars when the expenses are in Canada (how cool is that) to the tune of $5K/month or $75K/yr for a total package of about $300K.

Better yet, once they become barely profitable 4% on any Q it goes to $250 US and in addition a bonus plan kicks in of 30-50% more US.

In essence if at any time this year Raefield cooks the books to have a profitable Q this $5M company could have a CEO making around $500K/yr. Unbelievable, regrettable and people warned us when he wormed his way in.

Oops I forgot to include the company gets to pay for his wife to fly to Vancouver every month - throw in another $10k+/year for the investors to pay for the Raefield Vancouver sightseeing plan.

Interesting that they took a year to reveal the real details. This is could be a violation of SEC law.

I noticed that Pineau was still on the board when this abortion was signed but he didn't sign off, no wonder.

PS. I kinda miss our bargain basement CEO who took in about $120 - Canadian.