Ann: Application for quotation of securities - CE1, page-2

Shareholders should never vote for management and board incentives that are not directly linked to shareholder wealth .
Higher production can be achieved by raising more capital or by the company taking out debt .
Neither of these things are necessarily in the best interests of shareholders .

CE1 took out debt with its attached toxic hedging requirements and did a surprise credit raise in the process of the drilling that achieved the production hurdles that got the rights vested .
In that process the share price has more than halved .

" Show me the incentive and I will show you the outcome ." Charlie Munger .

It is a pity that retail investors seldom vote at Annual Meetings .