I agree with Chand - the latest list of resolutions is scandalous. Why do the senior managers need to be incentivized over and above the performance bonuses and pay they have already received. It is not as if shareholders - some of whom have been long-term - have been equally rewarded by a higher share price which continues to languish. I wouldn't mind if production was to rise ten-fold (which we're told they have the current capacity for) but this seems in the never never.
The explanations for the resolutions do not spell out how the potential recipients propose to demonstrate their competence or achievements in growing the company and its profits. Nor do the resolutions put forward any arguments against the resolutions thereby preventing a balanced consideration of the issues.
I recommend shareholders vote against the resolutions for additional remuneration to managements. Probably a symbolic measure but at least would amount to a protest vote. Whose with me???
- Forums
- ASX - By Stock
- VMT
- Ann: Notice of Annual General Meeting/Proxy Form
Ann: Notice of Annual General Meeting/Proxy Form, page-6
-
- There are more pages in this discussion • 116 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
RNU
Renascor wins a funding boost given it wants to produce a critical mineral – but $5M award pales in comparison to some
SKS
SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne
Add VMT (ASX) to my watchlist
(20min delay)
|
|||||
Last
14.0¢ |
Change
-0.010(6.67%) |
Mkt cap ! $60.63M |
Open | High | Low | Value | Volume |
14.5¢ | 14.5¢ | 14.0¢ | $5.766K | 40.29K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 19709 | 14.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.5¢ | 79659 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 19709 | 0.140 |
1 | 50000 | 0.135 |
4 | 207273 | 0.130 |
3 | 114000 | 0.125 |
3 | 31871 | 0.120 |
Price($) | Vol. | No. |
---|---|---|
0.145 | 79659 | 2 |
0.150 | 19999 | 1 |
0.155 | 20000 | 2 |
0.160 | 18100 | 1 |
0.165 | 20000 | 1 |
Last trade - 13.51pm 12/07/2024 (20 minute delay) ? |
Featured News
VMT (ASX) Chart |