This where you and I agree Yowie. The payment of the significant...

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mike999

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20/11/18

10:39

Post #: 36568255
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Originally posted by Yowie21 ↑

Originally posted by spid81
Good morning Dumptruck,

I think the biggest concern by FGR shareholders is the bonus payment to the executive directors, Not the base remuneration as they are similar to other the other ASX listed graphene company - Talga Resources.

No doubt the "Bonus payment" will be a hot topic by shareholders at Fridays AGM.

Tim has raised one issue that Neill hasn't covered properly, he hasn't advised what price shareholders can expect for bulk supplies of your Graphene. I hope your not one of the VRS posters that believes that Nanene / Versarien Graphene will sell for $45,000 per kg - $45 Mil per T ?
They received strike one long before the bonus was disclosed.

I think holders would be less concerned with the base salary if either mining started or any of the promised sales manifested, raising your fees against missed targets is just taking the p.

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This where you and I agree Yowie. The payment of the significant bonuses (and potentially the base salaries) is out of step with the shareholders interests and progress at that time.

Don't get me wrong, they have made great progress for a company in a new tech but the bonuses should be linked to KPIs that are directly related to shareholders interests then i don't have any issue with big fat paydays.
If they truely want to get shareholders onside (and do the right thing ethically in my opinion) they would come out with a statement acknowledging the fact and committing to freezing their current remuneration for say two years.

My AGM vote is in accordingly.

FGR Price at posting: 15.5¢ Sentiment: Buy Disclosure: Held
18 Upvote

0 Great analysis

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