They haven't owned their mistake because they haven't taken a pay cut, haven't resigned and they issued incentive shares to Clifford. They seriously diluted our shares and needed to categorically rule out another share dilution in the funding of Federation. This last point might at least be a meagre display of ownership of the HUGE mistake, but they haven't done that either, unless I missed something.
A serious number of votes against the remuneration report should tell them shareholders are less than happy and the no votes need to be considered in all future expenditure. It isn't good enough to carry on their merry way, ignoring the number of shareholders they have aggrieved. Yes the remuneration report was passed but the Board should not ignore the large number of shareholders who voted against it, a number I haven't seen before.
AMI Price at posting:
12.0¢ Sentiment: Hold Disclosure: Held
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