I posted a few weeks ago that the notice of AGM without minutes was not unusual but that it did spike curiosity from me that something may emerge that needs to be voted upon.
Sure enough we received yesterday’s announcment and the 1,000,000 shares for Nick Simms is slated for vote.
I have an outlandish theory that there will be more to emerge for inclusion within the meeting minutes for vote at AGM.
My theory goes along the lines of a US deal to be announced in the coming weeks along with performance options for Zane as a result. Similar fashion to what occurred with the pumate deal - I think Li got 2,000,000 options. The difference is Zane is a director and they will need to be voted at the upcoming AGM upon to be awarded.
until we see a copy of the meeting agenda my highly speculate theory is a real possibilty (at least in my mind).
my outlandish speculation of events #2 nvolves Nick Simms and Woolworths. Why would NS accept a bunch of options as payment for his term with no floor? If the share price drops to 10c he has done his job for zip. 20c he makes ok money.
Behind the scenes NS has been working hard on Woolworths and would like to be compensated accordingly. It’s a ‘Back room’ thank you very much in advance for NS by tying up Woolworths which could soon be announced. NS is a great guy but corporates don’t do something for nothing.
the wording of the terms states that if the options are rejected at the AGM vote NS will receive remuneration of the equivalent as straight financial payment tethered to share price on Feb1. He is covered either way but first choice for him is the options.
last highly speculate theory why look to appoint the CEO if the expected quarterly is lousy...?
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