Ann: Proposed issue of Securities - 88E, page-5

Basically IMO when the birth of life style company first awake to a new world on a place called the ASX. They are welcomed and praised by human retail holders, their play book is now exercised firstly by doing excessive CR's to fund drilling, exploration and importantly excessive remuneration. Constantly oiling the PR machine and can travel vast distances to seek the pockets of these human retail holders. The real phenomenon starts getting out of control imo when they continually drill failures make mistakes and underperform. SP crashes, holders and market losses confidence, pain everywhere, not a pretty site, but the hardened life style ASX directors with all their armour surprisingly seem to always survive even when they now have absolutely no chance any further to drill alone with these retail human holders stumping the cash.

So they bravely set out across the world which can be a lonely trek to seek out this illusive normally private cameleon looking FO partner who is vital for the survival of both the lifestyle director and the human retail investor. So armed with their REM and contract play book will do what it takes to survive.

Now this is the interesting part of this phenomenon imo. Companies could be broke, SP trashed now company looks like it's all over. So most ASX directors imo have a clause in there life style contract saying Performance Incentives - Bonuses. This has nothing to do with actually performing or unlocking wealth for those human retail holders, even when most holders have lost all when forced to sell or hold and are on massive 90% losses. Only those directors are constantly being rewarded and sadly the cycle continues imo.

So been watching too much David Attenborough thought I would put a bit of light hearted spin on something I feel furious about.

In this announcement company paid 47 Mil shares worth $333k which is 0.0069c share because they found another FO partner which they are forced to do as a result of 4/5 yrs of constant drilling failures imo. So 88 did the unthinkable imo not only paid an excessive amount $333k in bonus shares along with over $500k salary but secured the biggest holder of XCD a return for his shares so took it over. Apparently no conflict my ass!!! IMO..

The whole system is one big rort by many on the ASX imo. Performance incentives should only be paid if they perform for their holders. Especially during this covid period when so many holders have lost jobs, lives ruined or lost. Holders investment return have been decimated. 88 imo again seem oblivious to this and reward themselves excessively after every drilling failure just look at past years incentives. Just look and those huge companies paying massive 7 figure bonuses while on job keeper to their senior leaders. All disgraceful imo and this stench is beyond most human retail holders senses imo. This is all IMO so DYOR...