LBT

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1.9¢ lbt innovations limited

indeed, it’s time to rebuild the management team…. Not sure who...

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Endless Summer

430 Posts.

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28/10/21

22:17

Post #: 57160641
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Originally posted by imback: ↑

"The Board continues to work proactively for the benefit of all shareholders and has sought to listen and address
concerns. In the event however, there are 25% or more votes cast against the Remuneration Report [Resolution
1], then the AGM will move to consider a conditional Spill [Resolution 10]. If passed, it will require all existing
non-executive directors to stand for re-election within 90 days of the AGM, if they so choose to offer themselves
for re-election. All shareholders should vote on the Spill Resolution as part of completing their
submission of their Proxy Form, however, these votes will only be counted should there be a greater than 25%
vote against the Remuneration Report.

The Board unanimously supports all resolutions at this AGM (to the extent individual directors do not have an
interest in certain resolutions), other than Resolution 10 which it recommends shareholders vote AGAINST this
resolution as not being in the best interests of the Company." Well, that is an opinion, not fact and should be restated as such.

Most shareholders will consider the hopelessly inadequate response to their concerns from last AGM as not being addressed and would consider it in the best interests of the company for this group to be on their way and to bring in a group who believe enough in the company to change a serial non-performing CEO and buy significant shares on market rather than contriving the cheapest way to get a few discounted shares. Additionally, no options should be given for less than 50c exercise price. Remuneration packages of the CEO and other executive should be heavily linked directly to the share price, not contrived, low hanging performance targets.

Time for the lifestyle directors and execs to find a new sugar daddy.

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indeed, it’s time to rebuild the management team….
Not sure who does their performance reviews as it’s clearly indicative they have not met any key performance indicators… (correct me if I’m wrong)
Of course it’s in the interest of shareholders … most of us would not have jobs if our resume looked as average as these guys performances over the years… again correct me if I’m wrong ..
I’m waiting…..

LBT Price at posting: 10.0¢ Sentiment: Hold Disclosure: Held
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Last 1.9¢		Change 0.001(5.56%)		Mkt cap ! $25.59M

Open	High	Low	Value	Volume
1.8¢	1.9¢	1.7¢	$28.22K	1.590M

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No.	Vol.	Price($)
1	202308	1.7¢

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Price($)	Vol.	No.
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0.019	7918	1
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