Hoffman seemed like a decent guy with a solid, succesful business background. It seemed like an unlikely match for Dynamic at the time but I welcomed it as it gave us a chance. I didn't know much about Harkema, but he was part of the old guard apparently, a bit of a TF man. Now we have Sikkema, put in place by Hultink and paid as such, and Hultink's son-in-law. There goes the balance of that board of directors. Well over 50% of them now depend on John's cheque book for an income. At least they set the share price at a reasonable level, it may just reach 10c in 5 years.
Dynamic Announces Management Changes and Option Grants
PICKERING, ONTARIO, May 20, 2010 (Marketwire) -- Dynamic Fuel Systems Inc. (TSX VENTURE:DYA) ("Dynamic" or the "Corporation") is pleased to announce the appointment of Wilf Wikkerink and David Sikkema as directors of the Corporation. These appointments fill vacancies created by the resignations of Mr. Wayne Hoffman and Sidney Harkema. Mr. Hoffman has also resigned his position as President of the Corporation. Each of Mr. Hoffman and Mr. Harkema will continue to serve the Corporation as advisors and members of the Corporation's Business Advisory Committee. Dynamic expresses its most sincere thanks and appreciation to each of these individuals for their involvement as directors and welcomes their continued support as advisors.
Wilf Wikkerink spent the first nine years of his professional career as Operations Director of Legacy Entertainment, a supplier of value priced music. Together with his business partner, he grew Legacy and eventually sold it to a music licensing company located in London, England which went public on the AIM (the London Stock Exchange's international market for smaller growing companies). In 2005, Wilf joined the Book Depot in Thorold, Ontario. The Book Depot is one of the largest book remainder dealers in North America, buying and selling publishers' returns & overstocks. Recently, Wilf was named the Chief Executive Officer of The Book Depot. He concentrates his efforts on developing relationships with publishers and expanding the business into international markets, such as Southeast Asia, Australia & the UK. Wilf resides in Jordan, Ontario with his wife and six children.
A resident of Hanford, California, David Sikkema has a diverse and successful business background spanning 20 plus years within a variety of industries in both Canada and the United States. He has been self employed as a management consultant since 1989. David Sikkema currently serves as an executive to HydroGreen LLC, Dave has served in a variety of volunteer positions, as well as leading fund raising efforts for non-profit organizations.
Dynamic also announces the grant of an aggregate of 4,300,000 options to acquire common shares in the capital of Dynamic at a price of $0.10 to certain officers, directors, consultants and employees of Dynamic. Such options (and the common shares issuable upon exercise) are exercisable for a period of 5 years from the date of grant and will be subject to applicable securities law hold periods.
