Blockmate Ventures Management

Management criteria checks 2/4

Blockmate Ventures' CEO is Justin Rosenberg, appointed in Nov 2022, has a tenure of 1.5 years. total yearly compensation is CA$105.00K, comprised of 100% salary and 0% bonuses, including company stock and options. directly owns 0.6% of the company’s shares, worth CA$19.90K. The average tenure of the management team and the board of directors is 2.1 years and 2.8 years respectively.

Key information

Justin Rosenberg

Chief executive officer

CA$105.0k

Total compensation

CEO salary percentage	100.0%
CEO tenure	1.5yrs
CEO ownership	0.6%
Management average tenure	2.1yrs
Board average tenure	2.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Justin Rosenberg's remuneration changed compared to Blockmate Ventures's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	-CA$3m
Sep 30 2023	n/a	n/a	-CA$3m
Jun 30 2023	CA$105k	CA$105k	-CA$2m
Mar 31 2023	n/a	n/a	-CA$3m
Dec 31 2022	n/a	n/a	-CA$5m
Sep 30 2022	n/a	n/a	-CA$4m
Jun 30 2022	CA$6k	n/a	-CA$4m

Compensation vs Market: Justin's total compensation ($USD76.31K) is below average for companies of similar size in the Canadian market ($USD174.31K).

Compensation vs Earnings: Justin's compensation has increased whilst the company is unprofitable.

CEO

Justin Rosenberg

1.5yrs

Tenure

CA$105,000

Compensation

Mr. Justin Rosenberg served as Chief Executive Officer of Blockmate Ventures Inc. since November 17, 2022 and serves as its Group Chief executive Officer from June 2023. He has been the Company Secretary o...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Domenic Carosa	Executive Chairman	2.1yrs	CA$6.25k	15.16% CA$ 503.8k
Justin Rosenberg	Group CEO & Director	1.5yrs	CA$105.00k	0.60% CA$ 19.9k
Konstantin Lichtenwald	CFO & Company Secretary	2.1yrs	CA$121.50k	0.27% CA$ 9.0k
Andrew Jones	Chief Operating Officer	6.3yrs	no data	no data

2.1yrs

Average Tenure

Experienced Management: MATE's management team is considered experienced (2.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Domenic Carosa	Executive Chairman	2.1yrs	CA$6.25k	15.16% CA$ 503.8k
Justin Rosenberg	Group CEO & Director	2.1yrs	CA$105.00k	0.60% CA$ 19.9k
Georg Hochwimmer	Independent Non-Executive Director	3.6yrs	CA$25.00k	0.25% CA$ 8.3k
Corbin Comishin	Independent Director	10yrs	CA$182.10k	1.37% CA$ 45.6k

2.8yrs

Average Tenure

Experienced Board: MATE's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.

Blockmate Ventures Management

Management criteria checks 2/4

Key information

Recent management updates

Blockmate Ventures Inc Announces Board Changes

Founder recently bought CA$150k worth of stock

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Blockmate Ventures Inc. Announces Resignation of Anthony Zelen as Non-Executive Director

Recent updates

First half 2024 earnings released: CA$0.018 loss per share (vs CA$0.02 loss in 1H 2023)

David Wong completed the acquisition of Midpoint Foreign Exchange Business of Blockmate Ventures Inc. (TSXV:MATE).

David Wong completed the acquisition of Midpoint Foreign Exchange Business of Blockmate Ventures Inc. (TSXV:MATE).

Blockmate Ventures Inc. (TSXV:MATE) signed a binding share purchase agreement to acquire BESS Power Corporation.

Full year 2023 earnings released: CA$0.023 loss per share (vs CA$0.082 loss in FY 2022)

David Wong agreed to acquire Midpoint Foreign Exchange Business of Blockmate Ventures Inc. (TSXV:MATE).

Blockmate Ventures Inc Announces Board Changes

Founder recently bought CA$150k worth of stock

New major risk - Shareholder dilution

Blockmate Ventures Inc. announced that it has received CAD 0.82 million in funding

Klearium Inc entered into a binding letter of intent to acquire 85% stake in Midpoint & Transfer Ltd. from Blockmate Ventures Inc. (TSXV:MATE).

Less than half of directors are independent

Second quarter 2023 earnings released: CA$0.013 loss per share (vs CA$0.007 loss in 2Q 2022)

Less than half of directors are independent

Blockmate Ventures Inc. announced that it has received CAD 0.903267 million in funding from Carosa Corporation B.V., and other investors

First quarter 2023 earnings released: CA$0.008 loss per share (vs CA$0.005 loss in 1Q 2022)

Less than half of directors are independent

Blockmate Ventures Inc. announced that it has received CAD 0.814667 million in funding

Full year 2022 earnings released: CA$0.082 loss per share (vs CA$0.018 loss in FY 2021)

Blockmate Ventures Inc. Announces Resignation of Anthony Zelen as Non-Executive Director

Third quarter 2022 earnings released: CA$0.054 loss per share (vs CA$0.005 loss in 3Q 2021)

Less than half of directors are independent

Midpoint Holdings Ltd. Announces Executive Changes

Less than half of directors are independent

Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations

Midpoint Holdings Ltd., Annual General Meeting, Apr 08, 2022

Midpoint Holdings Ltd. (TSXV:MPT) entered into a purchase agreement to acquire Blockchain World Ltd from shareholders.

Full year 2021 earnings released: CA$0.018 loss per share (vs CA$0.037 loss in FY 2020)

Less than half of directors are independent

Midpoint Holdings Ltd. announced that it has received CAD 3 million in funding

Midpoint Holdings Ltd. announced that it expects to receive CAD 4 million in funding

Second quarter 2021 earnings released: CA$0.005 loss per share (vs CA$0.011 loss in 2Q 2020)

New 90-day high: CA$0.32

Midpoint Holdings Ltd. Launches Israeli Shekel, Indian Rupee

New 90-day high: CA$0.26

Midpoint Holdings Ltd. Confirms Appointment David Wong as Chief Executive Officer

Midpoint Holdings Ltd. Announces Executive Changes

First quarter 2021 earnings released: CA$0.003 loss per share

Midpoint Holdings Ltd. Announces Director Changes

Full year earnings released - CA$0.037 loss per share

New 90-day low: CA$0.23

New 90-day high - CA$0.32

Midpoint Holdings Ltd. announced that it expects to receive CAD 0.65 million in funding

Midpoint Holdings Ltd. announced that it has received CAD 0.25 million in funding

Midpoint Holdings Ltd. announced that it expects to receive CAD 0.25 million in funding

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure