Ann: Strategic Review Update & Variation of MD Employment Terms, page-11

So Miller and the Board still have their snouts in the tough…why am I not surprised?!

Given Miller and the Board have totally mismanaged the company....I agree they should be forgoing a significant part of their generous packages to preserve cash.

But rewarding Miller with a 'performance bonus' to try and find a way out of the mess he and the Board  alone have created....they have to be joking....

Also why is the 'performance bonus' based on 60% of a full 3/5th's of  a years salary.?...when it it appears he has only forgone 3/5th's of a months salary from April 16th 2024 to date.


Also the Board appear to want shares issued to them for a three year period back dated from July 1st 2023 in exchange for a portion of their Board fees already paid....am I reading this correctly?

Miller and the Board should be doing they upmost best to salvage the business....and we all should be sharing any financial or loss gain based on current shareholding in the company....and NOT diluting shareholder equity further by issuing yet more shares to Miller and the Board to try and sell the business.  

Miller and the Board had the opportunity to significantlyincrease their shareholding in the last CR, if they wanted to do so.

I am interested in other shareholders comments on these thoughts...