I just read the annual report and info circular. Pierre Gauthier, next to David Walsh, is one of the most incompetent managers around. 3 pts:|
1) I didn't get my stuff until yesterday, but the agm is on April 14, Tuesday next week.
2) Pierre Gauthier made $255,743 and Peter Miller made $250,000 US in 1997 for basically running the company into the ground and probably out of business. How much more did they make with the other companies?
3) Pierre wants to reprice existing options to $.20. Why the hell shouldn't management suffer with the shareholders, especially if they are responsible for this whole mess?
4) I would rather lose the rest of my money than put another dollar in to Pierre's sleazy pocket and have him keep on running/milking SGV.
A friend of mine who is also a shareholder of SGV is drafting up a pretty nasty letter to Pierre Gauthier. Is anybody else outraged? I think we should be complaining to the exchanges, securities commission, and whoever else that can tell Pierre where to stick it.