The time for generous renumeration is after the company breaks even and has sales of significance .
The the reward of shares should reflect fair reward for effort and result. What outrageous self interest!
My first cut view is let’s see actual performance before large percentages of the company’s capital are given away in a manner which significantly damages existing shareholder value.
Multiple lots of ten million options at the almost negligible price of two cents? Outrageous!
Fully support the existing directors acquiring stock but they should pay at a market rate which will occur when reasonable earnings guidance is given and break even information becomes available. The market will then be able to appreciate the significance of Netlinkz’s network technology.
Time for existing shareholders to consider collective action and a big no to most of these proposed motions.
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Ann: Chairmans Letter and Notice of Meeting, page-4
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