Yes, I am concerned about the largesse the board has granted to Ruport.
The incentives for 2021 (a potential $333,333) and 2022 (a potential $750,000) certainly seem excessive given the results to date.
Ruport suggested in a conference call last fall that the company was awaiting a response on a proposal for the sale of multiple units. That has yet to materialize
(pun intended).
The generosity would be more acceptable if we knew the status of the relationships with Honeywell, Siemens, Baker Hughes and others. There just appears to be a void when it comes to any follow up for shareholders
It would also be appropriate to know the targets or benchmarks that have been set for Ruport. I believe in one of the three incentives,, the award would be at the sole discretion of the board.
And what is the genesis of the employee retention incentive for Ruport? Have key employees departed or threatened to leave? Some transparency here would be welcome.
If the high hopes that many have for Sigma are eventually attained, performance bonuses for Ruport and others would certainly be warranted. Right now they seem premature.
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