Ann: Executive change, page-51

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adam.s

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20/06/19

06:03

Post #: 39143615
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Originally posted by tt2000: ↑

Thanks for clarifying your position.

There are two separate issues here
Ability for SXY to continue its modus operandi with available resources / until CFO replaced
Reasons why CFO left.
I agree point 1 is not relevant (which is what you are describing). We are in agreement on this.

On point 2, (as I have mentioned before), why would a CFO (with all his knowledge over SXY's business and profitability??? from all these wells they are finally drilling) resign, especially when the CFO receives share based incentives (i.e. free shares for achieving milestones).

Surely with all the visibility the CFO has, if he thought SXY was on the cusp of breaking out to $1.00, why on earth would he resign. Why not stay put, get the free shares and retire????

1 CFO last year, okay, maybe too much to read into

Now the 2nd CFO that resigns.

Plus the fact the CEO sold 4m shares last year.

Hope this clarifies my position and why unfortunately, I view this second CFO resignation very negatively.

Expand

If you had actually read the annual report instead of just trying to spread fear and doubt you would understand how many performance bonuses are attributed to the CFO.

Why don't you spend the next week reading the report and let us all know how little performance rights Gary was given?

Your conspiracy theory needs Aliens.

Maybe the aliens can be involved in stealing the gas?
SXY Price at posting: 30.5¢ Sentiment: Buy Disclosure: Held
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