'They have nothing to lose as they will get it back as wages.'
Yes indeed, and CW's purchase of 6m bonus options is a whopping 50 million short of his full entitlement. His $6k outlay represents ~20% of his gross monthly income or ~1.6% of his gross annual package. In other words it takes him just 6 days to gross earn the equivalent of today's miserable gesture.
To add insult to injury, it would appear that John Schultz has decided to forego his entire 70+ million bonus entitlement altogether. Obviously he has zero confidence that AL (as CEO) and the business can and will deliver a 4 cent SP within the next 6 months. Otherwise why wouldn't you purchase these 'bonus' options for next to nothing if you had the upmost confidence in your own team to deliver a result that is designed to reward loyal shareholders?? With an annual salary of ~$260k plus payments received by his advisory/engineering services company (if my memory serves me correctly), one would think that JS would be more than happy to re-invest some of that money back into the business in which he co-founded and supported AL all the way as both Chairman and CEO??.
But the real kicker in the gutser IMHO is the fact that collectively the directors of Xped have thought fit to award themselves a whopping $2 million during the last financial year. That equates to almost $40,000 per week without spending a dime on the rest of their staff, let alone any of the sizeable outgoings including other corp. and admin. costs, product manufacturing and operating costs, R&D and sales and marketing costs.
Folks, all of this director remuneration extravagence has taken place during a time when the SP has plunged more than 90% i.e. from 7.2 cents as at 1/7/16 to 0.65c (today's SP in pre-consolidation terms) and not surprisingly crippling the many hands that once fed them.
In the words of Derryn Hinch...... 'Shame, Shame, Shame'.
- Forums
- ASX - By Stock
- OAK
- Ann: Change of Director's Interest Notice - Mr Wood
Ann: Change of Director's Interest Notice - Mr Wood, page-10
-
- There are more pages in this discussion • 27 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add OAK (ASX) to my watchlist
|
|||||
Last
7.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $1.889M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 19 | 7.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.6¢ | 93 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 19 | 0.070 |
1 | 20100 | 0.061 |
1 | 86000 | 0.055 |
1 | 55000 | 0.053 |
1 | 13890 | 0.036 |
Price($) | Vol. | No. |
---|---|---|
0.086 | 93 | 1 |
0.105 | 1524 | 1 |
0.175 | 22450 | 1 |
0.180 | 30000 | 1 |
0.190 | 29137 | 1 |
Last trade - 16.12pm 27/08/2024 (20 minute delay) ? |
Featured News
OAK (ASX) Chart |
Day chart unavailable
The Watchlist
SBW
SHEKEL BRAINWEIGH LTD
Dani Nadri, Country Manager Australia
Dani Nadri
Country Manager Australia
SPONSORED BY The Market Online