The Corporation has entered into a consulting agreement with its Chief Executive Officer dated January 31, 2003 and effective October 24, 2002, providing for payment of an annual salary of US$250,000, payable in cash or shares of the Corporation, subject to any applicable regulatory approval. The consulting agreement has a term until December 31, 2003, and has been approved by the regulators. No amounts have been paid to the Chief Executive Officer of the Corporation under this consulting agreement, and such amounts are being accrued by the Corporation. – Management Information Circular
Posted by: Johnsen In reply to: Amaunet who wrote msg# 2601
Date: 4/4/2003 4:26:44 PM Post #
One of the employees said that he is taking his salary in the form of stock payable based upon the price of the stock the last day of every month for 12 months. His compensation is supposedly over $200,000.
Posted by: the truth In reply to: Amaunet who wrote msg# 2976
Date:8/13/2003 12:29:40 PM Post # of 3319
do not have all info but just some thoughts. calentine is paid $250,000 per year in stock based on u.s. pricing. pink sheets drive price down and he gets 5,000,000 shares. not bad for someone who entire investment before he sold off was $300,000. alos remember that they can price their options at0.05 which would give insiders 5 million more shares when issued before meeting. no news or only bad news, stock price drops, company is sold cheap or merged into one of cudney's companies. am i the only one who can see what calentine is up to. shareholders get nothing.
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