From the web....at: https://www1.salary.com/Paul-D-Thompson-Salar...LD-US.html
"As President, Chief Executive Officer, Chief Financial Officer, and Secretary, and Director at MEXUS GOLD US, Paul D. Thompson made $387,500 in total compensation. Of this total $180,000 was received as a salary, $0 was received as a bonus, $0 was received in stock options, $207,500 was awarded as stock and $0 came from other types of compensation. This information is according to proxy statements filed for the 2021 fiscal year."
I do not know of course whether the salary is actually paid or is carried as money owed to Paul Thompson and until it's filed we don't know of any stock sales or of retrictions on sale.
The annual compensation is quite handsome for a company with scant revenue and large quarterly losses for ten years. With his large holding of Mexus shares every penny increase in share price would benefit him greatly - a dime moreso.
From what I see Paul himself lives austerly both in Mexico and California. Paul will be 81 in about three weeks - on May 1st. I have spent time with Paul in Mexico, not a lot. Have talked on the phone many times but not recently. Like him but this journey has been long and frustrating and a lot of family funds are tied up in shares and certificates that have lost nearly all their original value. Practically no production or revenue forecasts have been met. For many teasers of "talks" with other miners nothing beneficial has resulted.
By now Mexus holdings represent a very small percentage of overall holdings and I hope most investors have diverse portfolio so Mexus is frankly not an important part of assets. If it goes to zero won't matter much. If lightining strikes and there is a buyout or successful partnership it will be a pleasant addition but the dream and hope of 2011 is mostly gone.
"As President, Chief Executive Officer, Chief Financial Officer, and Secretary, and Director at MEXUS GOLD US, Paul D. Thompson made $387,500 in total compensation. Of this total $180,000 was received as a salary, $0 was received as a bonus, $0 was received in stock options, $207,500 was awarded as stock and $0 came from other types of compensation. This information is according to proxy statements filed for the 2021 fiscal year."
I do not know of course whether the salary is actually paid or is carried as money owed to Paul Thompson and until it's filed we don't know of any stock sales or of retrictions on sale.
The annual compensation is quite handsome for a company with scant revenue and large quarterly losses for ten years. With his large holding of Mexus shares every penny increase in share price would benefit him greatly - a dime moreso.
From what I see Paul himself lives austerly both in Mexico and California. Paul will be 81 in about three weeks - on May 1st. I have spent time with Paul in Mexico, not a lot. Have talked on the phone many times but not recently. Like him but this journey has been long and frustrating and a lot of family funds are tied up in shares and certificates that have lost nearly all their original value. Practically no production or revenue forecasts have been met. For many teasers of "talks" with other miners nothing beneficial has resulted.
By now Mexus holdings represent a very small percentage of overall holdings and I hope most investors have diverse portfolio so Mexus is frankly not an important part of assets. If it goes to zero won't matter much. If lightining strikes and there is a buyout or successful partnership it will be a pleasant addition but the dream and hope of 2011 is mostly gone.
1
