Ann: Scheme Implementation Agreement with AVID, page-8

I agree they are totally off the planet. Buried in clause 8 of the “agreement” is a statement that up to 1,967,346 performance rights can be vested as part of this plot. That means somebody will receive up to $4,613,426.37. That somebody (or somebodies) will no doubt be Craig Treasure and his mates. Whatever happened to the rights of shareholders?

Let’s vote this plot down. Selling the business so cheaply is definitely not in the interests of shareholders, but does give the appearance of a great payday for some.