Replies to post #65795 on Colorado Goldfields Inc. (fka CGFI)

[sanbrunobaby]

Quite agree. 10k shows $350,000, and makes a reference to class A shares for what hasnt been paid in cash- but amount of class A shares mentioned doesnt seem to be much.It is not at all clear to me how much was paid in cash and how much in shares.

I guess it will be interesting for someone posting on this board to provide any justification for this salary, I dont see any based on any criteria I know.

Success at generating sales,profits or operating cash flow ? NO.
Success at meeting stated corporate objectives ? NO
Success at delivering good shareholder return ? NO.
Success at providing a foundation for future ? None that is apparent.

I am not sure why prior post said his performance depends on performance ( what he produces) as I do not see that in his employment agreement or history of the company the last 2 years.