Replies to post #1776 on Aspen Group Resources (ASRPF)

[stlogic]

Am, now we know why Mercer didn't respond eom.

[Bugs1234]

Now why did I know this was coming? So he gets 750k and the shareholders get the shaft.Why is that the common shareholders are always the ones that lose. That is a very hefty compensation plan for a penny co. like this one. It's almost comical.It's hard to believe that these bozos can get away with stuff like this.I would sure like to see these guy' expense accounts,there's no telling what we would find IMO.

The agreement with Mr. Mercer is effective until January 1, 2006, with automatic one year renewals thereafter. He is paid a base salary of US$150,000 per year, to be reviewed annually by the Board of Directors of the Corporation. Under the terms of both Employment Agreements, in the event of termination without cause or change of control, each is to receive sixty (60) months salary and bonus. There is no severance compensation otherwise payable. - DEF 14A