first of all, you keep mentioning "employees"...like poor andrea boltz wont be able to pay her electric bill...from what i see (and have seen in the past) the options plan will benefit the BOD and a few key mngt personnel....i'm also real curious as to how much "cash" this plan will save us considering the millions every year these guys are bringing down....
here's your poor frustrated "employee's" from the annual report. this does'nt even mention the fringe's....
RELATED PARTY AND OTHER TRANSACTIONS
The Company entered into the following transactions with related and other parties:
a) Paid underwriting and consulting fees of $3.4 million in 2007 (2006 – $2.9 million; 2005 – $0.1 million) to Macquarie
Capital Markets Canada Ltd. (“Macquarie”) (formerly Orion Securities Inc.) which retains the Chairman of the
Company as an employee. In February 2008 the Company paid to Macquarie, underwriting fees of $2.3 million
relating to the public offering of units which closed on February 11, 2008.
b) Paid consulting fees of $0.09 million in 2007 to Kingsway Capital of Canada Inc. which retains the Chairman of the
Company as a director.
c) Paid legal fees of $0.7 million in 2005 to a law firm, while a partner of whom was a director of the Company.
