Ann: PAR Successful Placement and Fully Underwritten ANREO, page-37

Don't discount how this vote can impact the share price too. The accusations that this is a "lifestyle company" for directors are now front and centre for all to see.

All the signs are there that they wish to de-prioritise the delivery of shareholder value which non-dilutive funds would stabilise - and instead look out for themselves solely by receiving grandiose salaries and protecting themselves against all dilution with the mass issue of performance shares and bonuses simply for executing their fiduciary duties as directors and officers. This threatens to eradicate the investments of the average on-market purchasing shareholder.

Holders have very very few opportunities to step in and stop this, and your vote at the AGM might be the only chance. However, if those bonuses and performance rights are granted - it is possible that many shareholders flee, because this vote could confirm in the minds of many that the on-market SP will dwindle to nothing as directors and officers of the organisation would rather have cap raise after cap raise, blowing out the shares on issues, than sign deals and open streams of non-dilutive funding.

I hasten to add that putting together the very best deals they can is not a matter for incentive payments - and i'm disgusted that they believe it is. Read what the AICD say about the fiduciary duties of directors and ask yourself if this aligns to the demands for fat bonuses to sign the deals that will protect shareholders from being diluted to death over time: