CEO paying himself a cash remuneration of $490,000, and now in the upcoming AGM asking for 2,133,624 Performance Rights, PLUS 3,775,000 Options.
little bro CFO getting comp'ed $250k cash, and expecting to get 669,376 Perf Rights, PLUS 1,150,000 Options.
aren't these perfomance rights and options only issued to management when the company has performed well? And being paid low cash salaries? Shouldn't their material existing equity shareholdings already be enough incentive to align with shareholder?
and now they are asking for another 7.7m shares for free, without themselves tipping in their own cash, diluting existing shareholders even more. Whilst expecting new shareholders to tip in more money to pay their exorbitant salaries of $750k.
you'd think investors and the brokers would sharpen the pencil here and reign in such greedy behaviour. Can't have high salaries and high options when the genersl consensus is the company has materially under performed.
a real lol to the Perf Rights and options, is they are for the FY25 and FY26 years - funny part is the sentiment on here is the company probably wont be around for those 3 years into the future. Plus the conditions all depend on meeting numbers set by the Board - goes to show how a sleep at the wheel and poor corporate governance the board and culture is at this penny stock.
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