Ann: Notice of Annual General Meeting/Proxy Form, page-2

Far out just finally go round to reading the AGM agenda - resolution 8 what a dosy. Here mate have a $1.18M no strings attached. Feel free to dump them on the market and run if you like. Yep that's got to be a great way to generate future engagement and motivation to perform. Not! Have to say I've seen a lot of shonky stuff on the ASX but this takes the cake for BOD acting like shareholders funds are a loly jar which directors can pop their hand into, and help themselves in public view with gay abandon. Is no wonder without a functioning watch dog with ASIC having been lost in action for years, the ASX is the world's wild west exchange. No matter how you spin it, a board of directors giving a cash equivalent in shares for historicals services and no strings attached and with not even the smallest thought for motivation and future performanace and not a thought for shareholders interests gives the perception of a club, not a board, looking after their own. AIMO But will be voting against and will be trying to get to the meeting to ask the BOD why;

Why is the this resolution being granted as reward by managing the company in such a way over the last 12 months to reduce its value by 22%?
Can the director explain how is resolution in the best interest of shareholders by diluting there shareholding?
How is this payment seen as better at motivating performance than a grant of options tied to a performance measure?
Has there been any attempt, as would be normal by a professional competent board, to ensure shares can not be disposed off in a manner which could be to the detriment of existing shareholders?

Beggers belief but, all part of the ASX wild west, no rules of basic professionalism nore even conscience need apply for ASX company directors IMHO.

Sentiment changed.