The basic problem with what Oleg is doing is that, he is a stakeholder like any other stakeholders, but he is treating himself very differently to other stakeholders and not aligning his interests with theirs, nor he is adhering to the standards adopted by other companies.
I (and I think most shareholders) have no problem with options being issued to management, but they must be aligned with shareholders returns. A strike price between 0 and 30% above the current share price would be reasonable. A strike price of 0 is completely unjustifiable.
Shareholders also should be pretty annoyed about the size of the bonus. DRO has never turned a profit and Oleg has already handed out millions of dollars in shares. He gave himself 4% of the company as a bonus last year and now wants to do the same again. Can anyone name another ASX listed company that issued a bonus of this size?
Generall Meeting 2024 - my opinion, page-93
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Last
$1.40 |
Change
-0.090(6.04%) |
Mkt cap ! $1.067B | |||
| Open | High | Low | Value | Volume |
| $1.51 | $1.51 | $1.36 | $35.85M | 25.56M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 139470 | $1.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.41 | 14 | 1 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| DRO (ASX) Chart |