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525 Posts.

03/04/17

08:35

Post #: 23805372
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Originally posted by brassmad ↑

Fair dinkum SS89, I found that stuff online in about 15 minutes.
I think you are having me on so that you can pick some point in the post to prove me wrong.
btw I think you have a misunderstanding regarding the Equity-Settled Share-Based payments.
This may assist:
http://www.pitcher.com.au/news/accounting-share-based-payments

Also, my comment regarding salaries was "I was on his current salary as a non-executive manager 10 years ago !!"
That was based on the disclosed salary of $305K, not including E-S/S-B payments.

You probably know that SP Neylon is the largest shareholder of IOT.
With that skin in the game, do you really think he is sailing around Sydney Harbour on a yacht..... ??
Management and staff are putting in big time, and that is not an opinion.
cheers

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Brass I suspect some of the angst comes from the fact that SN didnt pay for most of his shares - most came in from vending in rubbish which has now been abandoned. IMO, of course

IOT Price at posting: 2.6¢ Sentiment: Sell Disclosure: Held
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