Hi Chaya and Chand, Sorry, you are right about the ongoing...

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dougfr

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15/10/14

18:41

Post #: 14130210
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Originally posted by Chaya ↑

Doug - I said I was finished with the other threads conversation but after reading your two posts on a different thread title, I really felt the need to reply to both of them.

Firstly your evaluation of the proposed LTIP is absolutely spot on except for the additional benefit of the directors being able to shift the goal posts after the event and the owners/investors can do Buckleys about it for a long time.

Secondly I have had my own thoughts for some time as to why and how things had transpired since the original LTIP was rightly booted out just as this one should be as well and I wished I was able to elaborate further but that would not be within the rules of H/C but let me say we are on the same page with lines of thought.

If the board don't like the fact that we the owners are upset and disillusioned and hopefully reject their second attempt at a pig trough money grab with the bar set at ridiculously low levels - then it's real simple - resign.

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Hi Chaya and Chand,

Sorry, you are right about the ongoing ability of the Board to use their discretion in the future and basically do what they like if these resolutions get ratified. I had it in my mind to make mention of it but got waylaid.

Also they have the right to make "pro rata" payments if the thresholds are not met. Why have them then?

SSN Price at posting: 1.5¢ Sentiment: Hold Disclosure: Held
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