director performance rights - sham, page-7

Amazing Grot,

Let me remind you Resolutions 4 to 6 in the general notice of meeting are openly identified as "Issue of Performance Rights to Directors ".....note the word "performance". The correspondence openly says ".....to each of them to motivate and reward their performance...."

Now you claim DR has said you can not issue Performance rights to non-exec. Directors ..."you cannot remunerate non-exec. with incentivised pay"

As I previously stated these resolutions are highly deceptive and misleading and need to be brought to the attention of the reg. authorities and they should be withdrawn immediately

If these roosters are at all interested in creating shareholder value [ rather than the snouts in the trough antics under the guise of Performance ] then there are other ways to reward company employees and Directors for increased s/h value like internal share purchase plans that do reward performance

Alternatively I think Piast suggested we all should vote yes for resolution 8 which I presume he thought could be called on the floor of the meeting to sack the lot of them for non-perforance in the last two wasted years of non-delivery with the demise of the s/p from 5cents to 1cent......certainly some performance....hide as thick as a rhino these roosters