I see you are now changing the subject; seems you accept that early investors have lost >90% of their investment.
Lets look in more detail at charlies history:
He joined the company at the end of 2006/early 2007 when his company was purchased by Optima (previous name)
It was an established company with revenue, profits and forecasts, not a speccie.
https://announcements.asx.com.au/asxpdf/20061219/pdf/3106l9mczjng8l.pdf
At the time, 2008 revenue was forecast at $50m, so its taken 15 years to produce any meaningful increase in revenue.
Guess who was signing off the acquisition?
Share price was around 10c (equivalent to $1 post consolidation) when Charlie joined VMoto and Blair was at the helm.
So they have both contributed to a 75% loss in shareholder value.
I dont think it’s appropriate now for Charlie to take huge rewards for a short term increase in share price while longer term investors have lost the majority of their investment.
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Price($) | Vol. | No. |
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