MAY 0.00% 3.2¢ melbana energy limited

Ann: 2023 AGM Access Letter, page-20

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  1. 248 Posts.
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    Good morning all,

    Regarding the AGM resolutions, how are most thinking of voting and their thoughts behind it.

    Resolutions from 1-3, I will be voting as per company recommendation (1&2 For,3 Against), but res 4 (AP performance shares) I'm leaning to go with "Against." I feel at this point of the company situation there needs to be a revenue coming in, before dilution and shares are just given out, to our Management that are getting a very decent salary (especially for a company not making money-yet).

    Is this a poor way of thinking though, and could voting "For" actually benefit shareholders?
    https://hotcopper.com.au/data/attachments/5668/5668321-4bc1b99ed63d365d731fbfc8aa0b91f3.jpg
 
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