Yes it is a worry, performance rights given while the directors have overseen the massive reduction in market capital and retained $16million of this years profits, spent our money to buy back shares at 40c only to turn around and devalue them to 26.5c. And they are looking to increase the allowed placement to 25%(15% plus the new 10%) next year further devaluing the NTA backing these shares. This is crazy!
Ann: Change of Director's Interest - Appendix 3Y - Philip Kearns, page-3
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