1. I have held this stock for a few months, my average price is $2.80. 2. BTW I have been investing since before most of you were born - and i genuinely do believe this co has a good future, - but we are not there yet and imo these executive package increases are premature. 3. I am NOT a downramper, and have great hopes for this company/stock, that it may become very profitable in the future. Until it does . . . . 4. however, i do not believe this is a 'risk free' venture. There will be future CR's before NVX is profitable. 5. Synthetic graphite may be too expensive for many EV manufacturers. 6. doubling executive rem packages before the company is profitable, is concerning and disappointing and not a good vibe. Perhaps it would be better if the non-holding Chris Burns (who i am sure is very good) and the others were paid in NVX shares, as opposed to $US, making a public statement that the shareholders interests and the executives interests are in alignment.
"Dr Chris Burns’ total fixed remuneration will increase from A$350,000 to USD$646,800, " effectively thats triple the dosh .. . . . and "Mr Nicholas Liveris total fixed remuneration will increase from A$320,000 to USD$400,000." seems a bit more reasonable but still its %75 increase. Pay them in shares. Why not ?
NVX Price at posting:
$4.26 Sentiment: Hold Disclosure: Held
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