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Ann: Notice of Extraordinary General Meeting/Proxy Form, page-3

  1. 2,852 Posts.
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    time to vote folks - make sure your voice is counted!

    apparently they will save $730k annually purely from delisting

    but lets not mention:
    - ~$15m they spent in legal and other costs fighting ownership which shareholders paid
    - the ~1.8m being paid to Karl & Peter which represents ~4% of total revenues in FY2020 & FY2021
    - the STI incentive that reduced in FY2021, but was replaced with a base salary increase (despite minimal top line growth in that same period)

    Look, perhaps there is some merit to the employee issue with talent paid in shares, but from memory this has been relatively small and most of the options/share based compensation has gone to mgmt and not regular employees
 
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