CVN 5.88% 16.0¢ carnarvon energy limited

Ann: Letter to Shareholders , page-8

  1. 6,650 Posts.
    I like the possibilities of CVN but still take issue with

    1, Major staff overhead cost, like I wonder why CVN employs Philip Hulzenga who I am sure is a good chap as Chief Operating Officer. I always thought a chief operating office would be incharge of running the companies operation. But the don't operate anything so why does he earn $791,954 last year

    2, No buying by Directors for many moons

    Basically the company has to slim down it over-head cost by 50%, award the remaining manager options (lots) with a 150% premium and get them moving in line with us shareholders.

 
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16.5¢ 16.5¢ 15.8¢ $190.8K 1.184M

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No. Vol. Price($)
5 270750 15.5¢
 

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Price($) Vol. No.
16.0¢ 38484 1
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