Australia's largest stock trading and investment forum Australia's #1 stock forum

WFL

Click for more information

0.00%

0.3¢ wellfully limited

AGM update, page-20

First 20 Last

Share
Profile

Follow
Vic1861

335 Posts.

22

05/10/16

19:31

Post #: 19649615
Share

Originally posted by sharesmoney ↑

Well said guys,

I won't be approving any performance shares unless i see revenue, period.

As directors have worked hard to get OBJ this far with good partnerships, Shareholders have also invested:
√ Hard earned money
√ Time in researching and even promoting this company
√ Been patient for years to see the SP exactly where it was 2 years ago at SK-II launch.
√ Paid opportunity costs

Yes my logic could be flawed however i think as per comments at Adelaide presentation we have more than enough shares on issue.

Considering we are in third "revenue" phase, may be company should start thinking about issuing some revenue projections and even better think of dividend guidance which will help directors to earn up to 1.8M for every cent of dividend as they hold 10% of the company instead of 750K worth of shares for which they have to pay taxes out of pocket as well.

In return we will see good results for the company that will be win -win for all shareholders.

Otherwise, they can deliver on their pervious 20M target in 2017 and collect their approved performance shares and then we will talk again.

Expand

Dam straight!!

OBJ Price at posting: 7.3¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

FMG

Andrew Forrest was seemingly possessed by the spirit of hydrogen – now he's cut 700 jobs and canned FFI

CC9

Wyoming could be America's next hard rock battery metal province – and Chariot Corporation can help

Talking Australia's very competitive property landscape: Realty Talks

NRX

Noronex joins forces with South32 to look for copper in Namibia

AI stocks: What to expect in 2024-25

There are more pages in this discussion • 74 more messages in this thread...

First 20 Last

Add WFL (ASX) to my watchlist