TB has, over a long period of time now built up SH's expectations of a company that was going straight to the top of the charts.Predictions of SP's hitting AUS$1 and from memory US$9.75 were very very exciting to SH's at the time including myself.
So having given TB a long time to achieve HIS end outcomes,what are shareholders expected to believe for the future ? Thank goodness he isn't making any more SP predictions ( as far as I am aware ) because the way the drilling/fracking has been going,the SP will be at these levels for some time,if not lower ?
No-one can blame TB for making these predictions but, surely he has to back it up with actual production numbers that would match the SP prediction or come close to it.It hasn't come any where near his call and SH's have every right to be pissed off.Of course TB has done a wonderful job with the company and, deserves every bit of praise for the smart management that has steered the company to where it is today.
The package that has been requested is damn disgusting and greedy ( from what I have read ) and holders have every right to ask questions and demand better results before this indulgant package is agreed to.It will be tough if not impossible to stop as the insto's are just to big and have too much say but, at least send him a message that SH's are far from happy with his greed ! And thats exactly what it is,GREED !
Wonder why the world finances are so pathetic at the moment ? This sort of story is just one reason the corporate world has such a bad reputation and the cost of living is getting way out of control.Of course thats a very simple whinge/whine but, this sort of rort is happening every day thousands of times over and the mum and dad investors should say NO ! and demand better outcomes.
Got a bit carried away there but this thing is pretty close to my heart as my father was a victim of this type of greed and it cost him hundreds of thousands of $$.
Good luck to all of you,I hope SSN's luck in the field has turned for the better and the holders can be rewarded in the near future.
cheers
SSN Price at posting:
9.7¢ Sentiment: None Disclosure: Not Held