Good post Ladmit.
What's my opinion?
Three directors calling a General Meeting, for the sole purpose of issuing themselves $5.7million worth of performance options, is obscene. Moreso because:
- The company has yet to report a profit.
- The company is comprised of about 100 employees - only.
The company may report a $10 million profit for CY2023 - and the 3 directors want to pocket over 1/2 of this for themselves - albeit when a revenue target is met.
Directors of companies earning hundreds of millions and with thousands of staff would be lucky to demand this sort of money.
I will be voting NO to all.
Furthermore - I no longer believe that these directors are working in the best interest of shareholders.
Angus Bean. Matt McCrann. Carla Balanco. Perhaps it's time you put your hands up for director roles. I reckon there would be plenty here who would support a change of the board, at this time.
SirKnight.
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