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SDJungwirth

1,931 Posts.

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03/11/17

05:38

Post #: 28458729
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Originally posted by Pman ↑

I think the comment of reducing costs was in reference to 2018 as 2017 had the benefit of the write back of 3 years worth of amortisation of share bonus.

Cost reduction will be marginal at best. They should be spending on research and development. I was surprised in the reduction of the rebate (no time to review at the moment)

As for retiring, seems a change of heart has occurred and he wants to stay on as a non exec. Less work as a non exec director as only there for advice and direction of plans.

As for res 6, Just seems to odd for me. Yes directors need to get approval from shareholders for shares, but this is worded as if they are. I stated it at the time, it does not make sense and I feel sorry for the staff, but as I cannot make sense of it, how many shares are being offered add to that the bonus share appendix meant zip I can not vote for this. Maybe next time they will be clearer if they want a yes.

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How do we hold GD to the ASX announcement that he is retiring from the board?

OBJ Price at posting: 3.4¢ Sentiment: Buy Disclosure: Held
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