There are 2 people should be responsible for this disaster.
David Hearn
1. Amateur - no escrow for JH’s free shares.
2. Incompetence - can’t predict JH will dump all her shares.
3. Irresponsibility - sp drop $2 since JH dumped all her shares . No announcement to explain what’s going on.
4. Greedy - although a2m had $300m+ in the bank, he still offer the incoming CEO with free shares at the cost of shareholders instead of cash payment.
JH
1. Selfish - The recent disposal of ~357k shares by her is disappointing given the short time frame at the helm. She know the consequences however she doesn’t really care. At the end of the day , she get the $ , that’s the only thing matters.
2. Dishonesty - She betral all the shareholders and backstab DH who chose her as the incoming CEO. She slap on his face hardly. Her selling set a bad example for other directors on board to follow.
3. Personal financial chaos - after being paid $8M by Qantas for the last 8 years , she still need to sell 357k a2m shares to meet the tax obligations and fund other daily expenses.
I remember last AGM, all directors on board being voted to remain their current positions. However the chair - David Hearn is the only one with only 70% voting yes. The rest are all above 90%. Now , I know the reason.
I believe both JH and DH need to resign.
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Last
$6.85 |
Change
-0.060(0.87%) |
Mkt cap ! $4.952B |
Open | High | Low | Value | Volume |
$6.91 | $6.93 | $6.81 | $7.337M | 1.070M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4252 | $6.84 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.86 | 10763 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4252 | 6.840 |
1 | 1829 | 6.830 |
4 | 18364 | 6.810 |
6 | 39047 | 6.800 |
1 | 5601 | 6.790 |
Price($) | Vol. | No. |
---|---|---|
6.860 | 10763 | 3 |
6.870 | 70 | 1 |
6.880 | 7000 | 1 |
6.900 | 5985 | 3 |
6.910 | 200 | 1 |
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