It should be a well run investment vehicle for all shareholders, not just the directors.
Frontrunning shareholders and extracting a 4% NSR is not a good look at all, especially when shareholders are being slugged for transaction costs twice. The debenture deal seems structured more for the benefit the insiders than shareholders too.
Whatever the reality, this has the appearance of a conflict of interests. Reducing trust in management is not good for anyone.
Directors should concentrate on profiting from growing Beacon, not on profiting from deals with Beacon. In the long run, that will be better for all concerned.
It should be a well run investment vehicle for all shareholders,...
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