SSC 0.00% 1.1¢ sultan corporation limited

poll - directors share plan, page-11

  1. 1,669 Posts.
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    Wazbee, thats a good question and an amusing one :) it made me think. And my honest answer is (although your question wasn't directed at me), even if I was 50% in the green I would still be concerned about the directors' share plan and employee share plan - too much immediate dilution and more to come as incentives are offered to employees in the future.

    Also, isn't 100,000,000 shares to each director rather excessive? I've not been in the stock market long but in all my research so far I haven't come across this kind of arrangement. As everyone knows, its very much more positive when directors buy on market with their own money. Surely if Sultan's directors believe that big deals are about to be done they would be willing to buy at current low prices. Incentives are always linked to performance so let the directors be paid huge bonuses once they deliver - I would be more than willing to vote for that right now.

    I will continue to stay invested in Sultan, as I have been for a long time. There is much potential in their projects. I'm just suffering from burn-out right now and am no longer interested in rumours and rabbits in hats. I will not be voting yes to the share plan proposal unless the situation changes. I don't expect my vote to have any impact really but its the message that counts.



 
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