AEX acclaim exploration nl

director workload, page-10

  1. 1,118 Posts.
    sisyphus, the director is lawfully obliged to disclose their indirect and direct holdings in the company via the annual report.

    As per the latest annual report, Waller owns NO shares in the company.

    At the EGM 15 months ago I asked Willis why none of the directors, specifically Waller owned shares (Willis had actually bought 1million shares 2 day's before the EGM to ward off more direct accusations on this front), and his reply was that Waller had been considering acquiring some shares in the company for some time, and was still working towards it.
    The result of that consideration... 4 months later the directors award themselves 10 million options each at a cost of $306,000 dollars to shareholders, which came out of company funds! It is all there in the Annual Report.

    What you will most likely find, is that Fairever is a vehicle owned by a close ally of Waller, through which Waller could influence and swing key shareholder voting outcomes in his favour.

    It is the most disappointing company I have ever been involved with... and I honestly hope the directors burn in hell.
 
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