agency theory - why bec is a sell & becg a buy

There is no interest in management to look after shareholders in the cap raising that they have disclosed they are pursuing. There only interest is to keep the ship alive no matter what the cost to ordinary holders.

For that reason my opinion is BEC is a sell
and BECG is a buy as the notes will benefit from any cap raising (as will the employees on the Gravy train)

Matthew Chun the CEO has only 25055 shares in this company, that 2k worth! He has a massive pay packet (last year 657 in cash alone) yet does not buy these share on market, WHY?

CEO net benefits last fin year totalled $869,361

$582,106 to Mathhew in salary.
Plus 75,000 bonus (what the hell for?)
Plus non monetary benefits 24352
Plus Super 13744
Plus Long Service leave provision 23410
Plus options (now worthless) 150749

Other Key Management Personnel -
MacDonald $627,980
Shepherd $384,819
Catalfamo $384,898
Daglesh $400,441
Nicolson $381,931
Vanderzalm $362,937
Goodwin $413,488

The above doesn't even include the director payments......

Disc hold BECG
and 1 solitary BEC FPO