So TT getting back to what you what were saying the other day, 29/04, when you break that down, hypothetically its like corruption, providing financial gain to an administrator for favours. The administrator thats supposed to protect Share Holders interest but blatantly dilutes their stock using a postion of power for personal gain.
I think most Share Holders agree its a gift not earnt, most see it for what it really is and unlikely to vote for it. So if it actually did make it that far & pass, that would mean EEA support it so then we have a trust problem. EEA will have tipped their hand exposing that somewhere down the line SH are going to be screwed over again when the favours are called.Thats alarming.
But why would EEA bother dirtying their hands like that since they own nearly half the company so call the shots anyway. I'd like to think EEA dont support it and its only a last ditch effort by Mark Hohnen to feather his nest, but only a vote would tell.
Time is not on MH side in two ways. First he's near retirement which might explain the switch from non exec to exec chairman, looking for a golden parachute and this is that opportunity. If he received those options you probably won't see him again, he'll take the money and run so not a huge window for favours. Not bad for 18M work, plus some, if you can get away with it.
Second, he just bought a heap of shares on market in a mad rush, which everyone witnessed, so seems very keen to tap in all of a sudden, he's confident there will be a ML soon. So surely the share price will be well above 10c after the ML! He's trying to get in now before the ML so 10c looks good, because if this ridiculous proposal were floated in 3 or 6 months time or after ML, the option price would be 20 or 30c. Now thats rat cunning.
Its not that MH hasn't been appreciated, but if he's to be rewarded, for whatever his efforts are ( I dont know), then it should be fair and after those efforts are proven, certainly NOT before just because a window is closing. That is NOT fair, buy on market like everyone else has to. Also any reward should be realistic in comparison to JS and not a pie in the sky lavishly plucked number for no effort.
You just dont need this BS right before the ML is supposed to drop, hoping no one will see through it and rock the boat jepordising company stability. It's selfish and its a desperate attempt at taking advantage and should be swiftly called out.
Just when we thought all that was behind us.
But wait, the best is yet to come.
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