sounds like it is a waste of money to me.
the issue with legacy is that no one can negotiate or acheive anything. why are they worrying about spinning off assets and wasting money on corporate advisory, while 2 yrs and $20m plus they haven't advanced mt beavan at all.
sounds like smoke and mirrors so people can keep collecting a pay check.
sp won't go up if they comp keeps add debt to the balance sheet not equity.
here is a much better ann:
" legacy directors will recieve a base salary of $50k until objectives stated by sh relating to mt beavan are acheived."
but quess what that will never happen.
time to sell and move on or put in bottom draw and look at again in 30 yrs.
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