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Microcap & Penny Stocks : Sanctuary Woods recent sale, should you own the stock?

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To: franco who wrote (279)8/6/1997 4:33:00 PM
From: Bart Sampson   of 341
 
Check it out! From the latest SWMC 10Q/A.

COMPENSATION OF THE CHIEF EXECUTIVE OFFICER

Charlotte J. Walker served as the Company's Chief Executive Officer during fiscal 1997. Ms. Walker was paid salary at an annual rate of $162,000. Ms. Walker's salary was not increased due to the adverse change in the Company's financial performance, although she did receive bonuses in the amount of $100,000. The Board considered Ms. Walker's salary and bonuses to be reasonable in light of Ms. Walker's extensive experience and the difficulty in attracting a skilled CEO to lead the Company through a difficult reorganization.

Charloot inhaled almost 300k out of the company in a single year. Was I right or was I right?

Bart.
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