LIT 15.0% 2.3¢ lithium australia limited

Ann: Results of Meeting, page-3

  1. 3,134 Posts.
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    Pay rise and Performance rights ??

    For a company that has achieved 'Zilch' in its life time and having churned thru ( getting close to $100 mil ) capital, CR,s, financial/debenture
    arrangements with financiers and no firm business prospect in sight you would question the need of supposed 'performance rights'.

    IMO its a legacy from AG the previous CEO who devised schemes that would pass muster with investors when proposed and ticked off
    by a compliant board. This current approval to board members is thanks to AG's largesse . he of course took his dip last year, prior
    to his ' no notice ' resignation.

    gives you an idea of the term " Snouts in the Trough "
 
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