snouts in the trough

This company continues to disappoint in setting new lows for management practices and remuneration.

Just take the resolutions to issue 2 million "performance rights" to EACH director after the next AGM for example. Whilst I can understand the notion of providing an incentive this seems to really be stretching the boundaries and the terms seem way too generous. The price may yet be determined but if the 'hurdle' is 2.6c per share in three years that's ridiculous. Way too long and way too low. If that's all shareholders can expect we should vote to wind it up and get the cash back.

It is absolutely pathetic and insulting to existing shareholders that are being diluted each time the company issues a notice.

Why we also need 5 directors to run a business that is already struggling top break even is also astounding.

Seems like this company is continuing to be viewed as a feeding trough and everybodies having a go at the expense of shareholders. The main focus of the AGM seems to be "what's in it for me" from the directors.

I expected as much from Mr Murray as that's been his form for many years but I had hoped for better from the new team.

Where is the plan to move forward? What proposals are they considering to get value back? What has Mr Murray done since he promised so much to get back on the board? Where is the reason to issue "performance rights"?