Disappointing.
So it seems that as a Director you can give a good mate a/several large block of shares at a substantial discount to market - and he can then vote you back in and vote through any amendments you need at the next AGM on any shortfalls in your performance hurdles.
If that was the case, then ordinary little shareholders might wonder what happens next? [Why is the share price being kept so low if the major shareholders are so well entrenched already??]
It is sad to see some of the old loyal LT posters departing but understandable. Personally I'm glad I didn't bet the farm on BGS. Making excuses for questionable corporate behaviour just leaves a bad taste in your mouth.
Do you think they got the message at the AGM?... or care??
- Forums
- ASX - By Stock
- FFX
- AGM
AGM, page-172
-
- There are more pages in this discussion • 139 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FFX (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online