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To: MCsweet who wrote (49496)	9/21/2012 11:51:53 PM
From: Madharry	Respond to of 78702

good for you for complaining about it. I dont know if the bonusses are excessive or not. As far as i know they dont take 20% of earnings like a lot of these investment type companies do. this awarding of bonuses and stock options isnt unique to canadian companies. For me the poster company for screwing shareholder was icge. which came public at $14 went to at least $240 and then dropped way below a $1. throughout the share price decline and steady losses management continued to reward themselves with generous cash bonuses. they would simply change the ciriteria from year to year so that they could "earn" bonuses while the stock became valueless. There was another situation i was invested in a semiconductor equipment supplier that seemed like a great value. the company sold off their most valuable subsidiary for a pittance, they said they didnt need shareholder approval for such a transaction. the ceo was awarded a long term contract and a substantial equity stake in the new subisidiary formed by the acquirer. and investors got screwed. I think i wrote a letter to the SEC complaining about that and they responded with some sort of form letter, which pretty much said go away and leave us alone. I think a lot of us also remember the seagate take under. which we discussed here.

To: MCsweet who wrote (49496)	9/22/2012 8:02:41 AM
From: Madharry	Read Replies (1) \| Respond to of 78702

aab.TO I stand corrected. I did not review the latest financials until after I responded to you. according to the MDA renumeration of key management increase was mostly due to increase in short term benefits from $447K to $4,313K from the corresponding 6 months period ending 7/31. Considering that the market cap of the company is only around $38 million this is a material expense which should have been explained in detail. I am not surprised the OSC has responded in the same way the SEC has . these entities are useless in protecting shareholders other than eventually getting some meaning less judgement agianst fraudsters have the looted assets have been dissipated. I will contact Stein and see if they are willing to supply specific details about this increased renumeration.

To: MCsweet who wrote (49496)	9/23/2012 5:21:23 AM
From: Madharry	Read Replies (1) \| Respond to of 78702

aberdeen - can you post the info on here with a link to how to complain to OSC? there may be investors on this site who dont post but are as livid about this as you and I are. I also question any management who would think that the proposed merger with Dacha would be of any interest to shareholders. Any management that would award themselves cash bonus money in excess of 1% of the market cap of a company is highly suspect in my view especially when the nav is going down significantly. I suspect that the OSC has their hands full with bigger kettle of fish like sino forest but its worth a shot. That proposed merger deal with Dacha also stinks to high heaven.