Hello charred;
The bottom line is this, and this is why the SHAREHOLERS have accepted this, and it is their right to accept or deny it, don't forget this salient point.
The fees paid to their firms was consideraly less than the industry standard, so in effect there was a cost savings to KRY. Also Mr Fung was able to knock off around $3,000,000 off of the final purchase price of the San Gregorio asset...................so he is doing a great job for KRY.
Also Mr Fung does not get paid a salary from KRY, at least he didn't as of last year, he also owns shares in KRY, he also NEVER exercised any options last year.
And also it is the officials at the TSE who would have the last say in whether they considered those fees as wrong, an official from the TSE stated that because of THEIR stature in the investment world, this was acceptable. So in other words they have shown this to the TSE and they can live with it, and if they can live with so do the shareholders of this company, and this is more important than someones opinion who does not have a vested interest in this company.
The only reason you have a problem with it is because of some subversive hack who has planted into your head, and that sir is my opinion??
With regards, Frank |
