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SP1 southern cross payments ltd

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Ann: $10m Institutional Placement, page-8

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Jenkins2888

191 Posts.

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01/10/18

10:45

Post #: 35945336
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Originally posted by Vanana ↑

@jlo2012 you raise a lot of valid questions and the arguments you mentioned previously regarding management chasing performance shares is well thought out.
The only counter argument I have is that now that they have their performance shares, their focus is redirected on growing a sustainable business, otherwise their shares (and their efforts for the past 5+ yrs) would be worthless. While it was worth around $50m, they certainly can't cash-in their holdings, simply because there isn't enough daily volume. In brief, their interests are now realigned with shareholders.

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is that in the interest of those in at 50cents? 40 cents? 30cents? 20cents? just curious?
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Ann: $10m Institutional Placement, page-8

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