deleted bc of the last line no doubt and this line: so all the noise about exec compensation and dustin leaving are again two contradictory themes with no evidence to back them
proxies- so the proxy info was filed w the sec
https://www.otcmarkets.com/filing/html?id=133...afHxNwEAyh
the proxies contain the subject matters noted on .p 49 of the 10k and the detail are separated from the 10k for various reasons
re executive compensation ZN pays its officers less than comparable companies- the proxy materials exec compensation materials point out they need to have high enough pay to attract exec talent
truth is from what they've laid out they are not completely competitive in that regard -that those who work as execs for zn are willing to take less salary bc they believe in the vision
i dont see any pay raises
stock options are part of a normal pay structure which reduces cash output
they are focusing on increasing longterm value while reducing cash outlays to execs etc
there has been no evidence of any bankruptcy -such comments make no sense-especially in light of shouts of affinity scam -those two things are polar opposites-but zn does have an especial ability to raise money bc 100's of millions share the same goal and zn raised over 18 mill on an annualized basis last year
ZN is a small company focusing on 1 project at a time.
That project is now the 3d - a lot of work has gone into determining the parameters of the 3d,choosing 3d methods and vendor(s),and perhaps discussing w landowners re any mitigation to damages on their property.
Negotiating is always difficult for reasons i've described -so they have kept busy.
Unless they get a financial shot in the arm -as in a partial buyin-or make a commercial discovery early on in the 3d survey,the next 9-10 months will be focused on the 3d
Sounds like Dustin would have loved to stay but putting zn first he recognized Robert Dunn-a friend of his from his Viking days -was better qualified to do the 3d survey process on ZN's end
- so rather than attempting to do something in which he had far less experience than vikings 3d expert Robert Dunn he and ZN brought Dunn in as Director of Operations(de facto COO)a role Dustin fulfilled in the drilling process
in a bigger company with multiple ongoing operations Dustin could have stayed while Dunn was brought in to handle this project-but thats how big companies get top heavy
so all the noise about exec compensation and dustin leaving are again two contradictory themes with no evidence to back them
the proxy etc materials are long for reasons of transparency and legality- 100 years ago this was all done in the cigar smoke back room-
subjects such as buyins may yet come up but i suspected even if there were negotiations for such they would not be complete in time for proxies,in which case they may still come up at the stock holders meeting though again many companies dont take chances with those things re a vote
be careful of the worldly noise which has no evidence to back it up-those who share zn's purpose know the purpose of that noise
proxies- so the proxy info was filed w the sec
https://www.otcmarkets.com/filing/html?id=133...afHxNwEAyh
the proxies contain the subject matters noted on .p 49 of the 10k and the detail are separated from the 10k for various reasons
re executive compensation ZN pays its officers less than comparable companies- the proxy materials exec compensation materials point out they need to have high enough pay to attract exec talent
truth is from what they've laid out they are not completely competitive in that regard -that those who work as execs for zn are willing to take less salary bc they believe in the vision
i dont see any pay raises
stock options are part of a normal pay structure which reduces cash output
they are focusing on increasing longterm value while reducing cash outlays to execs etc
there has been no evidence of any bankruptcy -such comments make no sense-especially in light of shouts of affinity scam -those two things are polar opposites-but zn does have an especial ability to raise money bc 100's of millions share the same goal and zn raised over 18 mill on an annualized basis last year
ZN is a small company focusing on 1 project at a time.
That project is now the 3d - a lot of work has gone into determining the parameters of the 3d,choosing 3d methods and vendor(s),and perhaps discussing w landowners re any mitigation to damages on their property.
Negotiating is always difficult for reasons i've described -so they have kept busy.
Unless they get a financial shot in the arm -as in a partial buyin-or make a commercial discovery early on in the 3d survey,the next 9-10 months will be focused on the 3d
Sounds like Dustin would have loved to stay but putting zn first he recognized Robert Dunn-a friend of his from his Viking days -was better qualified to do the 3d survey process on ZN's end
- so rather than attempting to do something in which he had far less experience than vikings 3d expert Robert Dunn he and ZN brought Dunn in as Director of Operations(de facto COO)a role Dustin fulfilled in the drilling process
in a bigger company with multiple ongoing operations Dustin could have stayed while Dunn was brought in to handle this project-but thats how big companies get top heavy
so all the noise about exec compensation and dustin leaving are again two contradictory themes with no evidence to back them
the proxy etc materials are long for reasons of transparency and legality- 100 years ago this was all done in the cigar smoke back room-
subjects such as buyins may yet come up but i suspected even if there were negotiations for such they would not be complete in time for proxies,in which case they may still come up at the stock holders meeting though again many companies dont take chances with those things re a vote
be careful of the worldly noise which has no evidence to back it up-those who share zn's purpose know the purpose of that noise
