Originally posted by johny revenge
Andrea took our investment, jumped ship and ran off to Canada with it.
Jason Conroy and co, some the highest paid in the industry, are taking whats left and sticking it in their pocket as fast as they can. This IS what's happened/happening.
We the investors are getting screwed. Hard. There is no doubt that Canada was a massive opportunity but corporate greed has risen to the top once again (surprise!) and we the investor are footing the bill. The ASX has sat back and allowed it all to happen. I'm more than happy for someone to demonstrate to me how MMJ has ever acted in the best interest of all shareholders, but i think you'll be shoveling something rather unsavoury uphill on that one.
His Johny
Yes I agree Conroy has a hefty pay packet I am not sure if it is justified yet, the performance shares which become exercisable at 20 day VWAP of .60cps have a consideration of
0.0001cps WTF The Performance Rights will be issued for
$0.0001 each. So if we get to that VWAP Conroy picks up a $600k bonus and puts $200 into the coffers to collect it that's robbery! If we share holders do alright old mate does extremely well all while the privilege of stock picking with our money nice gig if you can get it!
In saying this I like the fact that MMJ is now an investment vehicle to get exposed to a range of MM stock in a one stop shop, lets hope he can grow MMJ to 7 x the current market cap like he has previously done with another company he was involved with.
Cheers
