Ann: Change of Director's Interest Notice - Mr Wood, page-17

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Northen_munky

9,850 Posts.

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19/07/17

16:27

Post #: 25962180
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Originally posted by elphamale ↑

'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'.

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The way this is going it will cost Tupence to take over this company..

Laters...

XPE Price at posting: 1.3¢ Sentiment: Buy Disclosure: Held
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Ann: Change of Director's Interest Notice - Mr Wood, page-17

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