Hi Brisen. Thanks for taking the time to provide some background on this as far as you see it. I think the important point to note is that shareholders will still have the final say in the event that performance shares are issued. Management are well aware that we will be keeping an eye on any facility that may increase the number of free float. Allowing any additional equity to be directly linked to hurdles and achievements will provide greater incentive to management and associated parties rather than simply providing them with options where there are no subsequent requirements.
Even though I did sell a few shares several months ago to finance an entry into GPP I still hold several million and will be voting yes to resolution 3. As the old management leave and new management enter, in the process attempting to do away with the old ways of doing things, we should stay open minded rather than immediately dismissing any processes that 'may' reward achievements. I understand that the previous way of doing things, that is option issuance, has unfortunately increased free float. However dismissing something without due consideration would be unwise at best and small minded at worst.
PLS Price at posting:
50.0¢ Sentiment: Buy Disclosure: Held
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