Wrong!
JH draws a salary of about $180k per year with the rest of the $450k annual pay is taken as shares.
If you also study fully, you will find that JH and his entities (JFHH and Bimm Corporation) have divested in shares they have received. The list of major shareholders in both of the most recent Annual Reports does not show JH in person holding any shares, so either he has placed them in either or both the entities I have listed and cashed in his salary that way, or sold the shares as quickly as he received them as part of his remuneration package.
Do you think it is fair on other shareholders when under the initial terms of the Convertible Note Issue, the conversion of his initial $1m loan to shares had to be at no less than 0.2c per share, but in the AGM resolution, he is only paying 0.15c per share meaning that he benefits by getting an extra 166m shares on what should have been?
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Wrong!JH draws a salary of about $180k per year with the rest of...
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