AGM IDEAS
Last year this board selfishly issued them self 10% of the company under the guise of performance and being unable to purchase on market because of inside knowledge LOL
Well not funny but it happened
SO
Would it not be fitting this year for this board to award all its shareholders with a repeat loyalty issue as they did in 2013 after the recent success in conversion of those loyalty bringing the company in around $9mil in revenue
The 2013 award was for roughly 33Percent of the company at that time in return for the vote on the consolidation of our holdings
So would it not be feasible for the company to reward its shareholders on behalf of their support for the last option conversion
So i would like to put forward for you fellow shareholders to think on
This years resolution 1 at this years AGM
I would like to see
A loyalty issue to all shareholders Except management whom have already been rewarded with their previous issue
Which would consist of similar to the 2013 issue 33percent of the companies Shares on issue awarded
Something like
500,000,000 SOI
33% = 166,666,666, new oppis issued conversion price 20c
converted @ 20c = 166,666,666 X 0.20 = $33,333,333.00
1 option issued for every 3 shares held with a 2 year expiry and a conversion of 20c
Giving the company if all shares are converted a total of $33.3 mil into their coffers
This is very generous when you consider management awarded themselves 4 yrs with roughly a 12c conversion with the option of a free conversion YES 0 COST
If the zero cost option is taken by board members then there is no contribution to the company $ wise whatsoever
I am not asking for anything for free but i converted nearly 3mil oppis to support this company tell me am i asking to much for a little reward for being so loyal
not only that that loyalty would benefit the company down the track with a further $33.3Mil bucks
If we are going to suffer dilution then let us all partake in the bonuses being awarded for committing long term to this company
I am asking for 1 oppi for 3 fully paid for our loyalty
Diamond got 4 oppis for evey 1 fully paid for his performance lol
Love to hear fellow shareholders thoughts
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