Originally posted by Big Kahuna 101
More then likely within the rules, all I am saying is that I bet the signing was rushed to ensure they got in on the 31st of Dec... I know rushing something that was 10 months late to begin with!!
If you take property settlement in Australia however, the transfer/completion does not occur until financial settlement happens as well, which is also when CGT etc is realised.
I don't think it's outside of the rules, but it does highlight the priority. Bonuses first, SHs later. Poor form.
I don't have any issue at all with anyone collecting bonuses for their work; it's been a tough slog to get this far. My issue is primarily that we're pretty an afterthought; just an annoying obligation on the "pass Go, collect $200" system. They made sure they reached their bonus deadline but we're still in suspension for at least another week on a financial conclusion to the deal? But bonuses have already been issued, of course. But SHs don't need a CR announcement. But two new directors have been appointed with salaries and shares. But, hey, we can wait as long as the ASX will continue to grant extensions to the suspension.
How's WFE going? Is there enough information to determine a pattern here? I hate to say it but the Perth salary cap bust is probably more informative than any of us would like to admit. Seems like there are a lot of people collecting payments and bonuses while shares go into/remain in suspension or tank.
Proceed with caution, is all I'm saying.
