BNL blue star helium limited

Ann: Letter to Shareholders, page-55

  1. 980 Posts.
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    I can't believe the board of directors having a nerve of putting such a ridiculous performance right share placement for themselves , and diluting BNL shareholders, with Absolutely NO personal capital injections of funds/ money from themselves to contribute to earning their performance rights issue .

    IMO...BNL performance rights issue for shares to our BOD,
    should be in a form of an option with an exercise price of 0.10cents and expiry date of 1- November- 2023.
    ( like all of us shareholders have done , which we have invested our hard earned monies in BNL to make a Profit eventually )

    Or another idea....place the BOD performance rights shares in voluntary escrow for a duration of 30 months ,
    and after the BOD completing all their obligations
    with the 5 proposed tranches , and the Helium gas production and sale of Helium Gas within the 30 month period adding a significantly share price to BNL's shareholders, well above 0.10cents .

    I am voting...No... to this ridiculous proposal






 
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