despite loss, asciano board wants pay rise, page-11

aberfan,

So I have heard, although I don't know the man.

But, what gets me now, is as to why he went along with the awarding of the options (already in the money mind you), to MR. He, along with the other two new directors and all the others on the Board, are listed in the Notice of meeting recommending shareholders to vote yes on that resolution.

WHY?? This is what I am asking, and I am totally incredulous about it. If he is what anyone said, he should not recommend that the particular resolution should be passed. He should have at least abstained from recommending it, thus proving his credibility.

It would be different if MR was awarded the options at say $3 or $4 dollars. But at $1.52 when the sp currently is a lot higher than that?? Where is it going to end??

That is a big smack in the face for the shareholders, lol. OUCH IT HURTS!!

I am a long term holder. But, I am beginning to wonder the purpose of it all my friend.

Buddy