I thought you would be interested in the email I just sent to the fm at sentinet.
"Hello I realise that your policy is to not comment on your funds management directives, however I would like to guage your response to the upcoming meeting of VPE shareholder (of which you are a significant holder). John Kopcheff and the members of the board are proposing to give themselves a significant number of options that are almost in the money already. They have stated that this due to their effort and success, however in the 20+ year history of the company I can not find a single year of profit. As far as I can tell there has been little returned to shareholders (by little I mean nothing).
I think that this company has great potential (as do you obviously), however I think this is a case of gross greed and I would hope that you would be voting against the proposal and showing your distain at the suggestion of the issue of these options.
I would be very appreciatve of your perspective in relation to the issue of these options.
Thankyou
xxxxxxxxxxxxxx"
VPE Price at posting:
22.0¢ Sentiment: None Disclosure: Held