Recently a poster , who was disgruntled with what I was saying regarding the management of MHM said that as I no longer held I should nick off . It started me thinking of just how much 'skin' some of the management had in the game .
When this company started the board were granted the following ;
Frank Rogers 13,000,000 shares
Ben Mead. 2,000,000
Basil Conti. 200,000
Neil Allen. 200,000
Peter Robertson. 100,000
Since then there has been a rights issue at 1 for 4 , so you would expect the directors would have taken them up . Additionally options were awarded each year to the directors with Frank and Ben being the major recipients .
At the notice of the last AGM the board members were listed as holding ;
Frank Rogers 10,901,256
Ben Mead. 1,940,001
Basil Conti. 456,250
Neil Allen. 425,001
Simon Wells. 0
Peter Robertson. Retired
Between the notice of AGM and the AGM Ben Mead sold 376,000 shares at around $1.06 and converted 200,000 options with a $0.20 strike price . I was starting to feel a little shaky at this point .
Just prior to the roadshows in late Feb . Frank Rogers bought $25,000 shares .
From a post last year it appears Mark Rogers was also selling down his holding , perhaps someone else could give the latest on that .
I consider 'skin' as investing your 'hard earned' , not when they are gifted to you . I like to see directors actually buying and holding , it gives me confidence , especially in a project that still has runs to be put on the board ( if you'll excuse the pun ) , they don't have to , but it's comforting . HOWEVER
When the CEO and his family are selling down I get very uneasy . It is not as though they are not well remunerated in the first place .
A shame Joewolf will not be reading this , as it may help him understand why I no longer have any 'skin' in the game !
- Forums
- ASX - By Stock
- VYS
- skin in the game
skin in the game
-
- There are more pages in this discussion • 86 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add VYS (ASX) to my watchlist
(20min delay)
|
|||||
Last
28.0¢ |
Change
-0.010(3.45%) |
Mkt cap ! $114.4M |
Open | High | Low | Value | Volume |
29.0¢ | 29.5¢ | 28.0¢ | $38.83K | 134.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 251816 | 28.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
29.0¢ | 907 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 251816 | 0.280 |
2 | 14669 | 0.275 |
2 | 40000 | 0.270 |
1 | 22000 | 0.265 |
3 | 157000 | 0.260 |
Price($) | Vol. | No. |
---|---|---|
0.295 | 113824 | 1 |
0.300 | 99021 | 3 |
0.305 | 81923 | 2 |
0.310 | 10606 | 1 |
0.320 | 37500 | 1 |
Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
Featured News
VYS (ASX) Chart |
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online