Ann: Vesting of Performance Rights, page-5

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teddie

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14/03/22

14:10

Post #: 60178801
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Originally posted by lemonwasher: ↑

A little unfair or perhaps needs some perspective?
Two things:
1. Management and Boards in the most part accept performance rights in lieu of a higher base salary. I see two pluses in that, operating costs are lower and hence working capital is preserved. A willingness to do that is a fairly strong indicator of belief in the company. I am very much for that and very wary of directors with no skin in the game.
2. Vesting is determined by the VWAP, this time it paid off. Many times a year I see announcements advising Performance Rights have expired and I am yet to hear anyone say, 'poor bastard'.

What might also be considered before people whinge. The working day for management of an Australian company working in another international time zone, is never 40 hours per week. Their day starts before the ASX opens, often a couple of hours before. The day rarely finishes when the ASX closes. Then in XTC's case, the South American management is just starting work around 8pm Sydney time and, in the early stages of a new project the local management invariably needs virtually continuous advice. Australian based management are unlikely to get to bed much before midnight.

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" Australian based management unlikely to get to bed before midnight"

Pure comedy gold!!

XTC Price at posting: 0.6¢ Sentiment: Sell Disclosure: Not Held
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Ann: Vesting of Performance Rights, page-5

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Ann: Vesting of Performance Rights, page-5

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