OAK

0.00%

7.0¢ oakridge international limited

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

First 17 Last

Share
Profile

Follow
Northen_munky

9,922 Posts.

1485

19/07/17

16:27

Post #: 25962180
Share

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'.

Expand

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
4 Upvote

0 Great analysis

Reply

Top Stories

ARD

Argent begins search for VMS mineralisation at Kempfield Cu-Pb-Zn-Au-Ag play in NSW

Bitcoin: Current State of Play & Where to Next | Swyftx

Emerald & Azure score Digger & Dealer awards

WNX

Wellnex sees first special access scheme prescriptions for new Wellness Life brand

VTM

Victory Metals dips -8% even as company set to grow heavy REE resource at North Stanmore

IMD

IMDEX to receive $10M in out-of-court settlement with Boart Longyear over downhole tool patent

EQR

EQ Resources transitions historic Mt Carbine tungsten mine to owner-operator system

M2R

EIS co-funded campaign sees Miramar kick off maiden drilling at Bangemall, Gascoyne WA

SVL

Court of Appeal upholds environmental group's challenge to Silver Mines Ltd's Bowden project

Week 33 Wrap: US recession fears forgotten; RBNZ’s surprise rate cut; more iron ore trouble

There are more pages in this discussion • 20 more messages in this thread...

First 17 Last

Add OAK (ASX) to my watchlist

(20min delay)
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($)
2	47	7.0¢

Sellers (Offers)

Price($)	Vol.	No.
9.5¢	1524	1

View Market Depth

No.	Vol.	Price($)
2	47	0.070
1	20100	0.061
1	100000	0.060
1	86000	0.058
1	55000	0.053

Price($)	Vol.	No.
0.095	1524	1
0.175	22450	1
0.180	30000	1
0.190	29137	1
0.000	0	0

Last trade - 16.12pm 16/08/2024 (20 minute delay)

OAK (ASX) Chart

Day chart unavailable

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

Argent begins search for VMS mineralisation at Kempfield Cu-Pb-Zn-Au-Ag play in NSW

Bitcoin: Current State of Play & Where to Next | Swyftx

Emerald & Azure score Digger & Dealer awards

Wellnex sees first special access scheme prescriptions for new Wellness Life brand

Victory Metals dips -8% even as company set to grow heavy REE resource at North Stanmore

IMDEX to receive $10M in out-of-court settlement with Boart Longyear over downhole tool patent

EQ Resources transitions historic Mt Carbine tungsten mine to owner-operator system

EIS co-funded campaign sees Miramar kick off maiden drilling at Bangemall, Gascoyne WA

Court of Appeal upholds environmental group's challenge to Silver Mines Ltd's Bowden project

Week 33 Wrap: US recession fears forgotten; RBNZ’s surprise rate cut; more iron ore trouble

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

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

Top Stories

Argent begins search for VMS mineralisation at Kempfield Cu-Pb-Zn-Au-Ag play in NSW

Bitcoin: Current State of Play & Where to Next | Swyftx

Emerald & Azure score Digger & Dealer awards

Wellnex sees first special access scheme prescriptions for new Wellness Life brand

Victory Metals dips -8% even as company set to grow heavy REE resource at North Stanmore

IMDEX to receive $10M in out-of-court settlement with Boart Longyear over downhole tool patent

EQ Resources transitions historic Mt Carbine tungsten mine to owner-operator system

EIS co-funded campaign sees Miramar kick off maiden drilling at Bangemall, Gascoyne WA

Court of Appeal upholds environmental group's challenge to Silver Mines Ltd's Bowden project

Week 33 Wrap: US recession fears forgotten; RBNZ’s surprise rate cut; more iron ore trouble

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News