attention ej pert. farmout sc51, page-3

Sirsenior, you, and all other shareholders, have the right to vote on the 4,000,000 free options to Paul Moore, and I suggest you exercise this right.

The papers for voting that I received today in New Zealand, stated that any votes NOT cast would be cast in FAVOUR of this move by the chairman.

It would seem that as Mr Moore, who is paid $561,750 pa, will be given a further $160,000, as an incentive to do what he is already being very well paid for.

Until there is a major improvement in the share price, and some real action and results, in the Service Contracts, I feel that this incentive maybe too premature to warrant this kind of extravagance!

Like most, if not all shareholders, I buy my shares with my hard earned money and I am not on $500,000+ pa.
Mr Moore has a big enough incentive with the shares and options he has already been given, to perform, and when the share price reflects outstanding performance, THEN he, or any other director, may be worthy of free money in the form of shares or options!

IMO DYOR.