The new merged board will be eyeing performance rights and employee options. These people are brazen in their attempts to get wealth at shareholders expense when they should do the job that they are highly paid to do in the first place to manage the company.
If I become a shareholder due to the merger vote gaining the required 75% of votes I will NOT ratify any resolution awarding performance rights or low ball options to directors or employees.
I don't expect directors to buy any more shares than they have already unless we stop them from getting the freebie performance rights when they have deals in the background ready to announce. I other words stop the directors getting performance rights and they will buy on market like you and me.
Just my opinion.
The new merged board will be eyeing performance rights and...
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