the performance rights are WAY over the top generous in my opinion.
the directors get huge amount of shares for basically doing their job, and not even having to do it well ???? .. am i reading this right?
the loan restructure also seems overly generous to me.. the justification is to 'incentivise' the directors who should already be incentivised to their job due to salary and shares that they have.... also, the incentives that hey used to have didnt do the trick (share price down 70% + while the incentives in place) so why would the new incentives help??
i suggest people let the board know ( by email an/or by voting against the resolutions for director Freebees)
BMO Price at posting:
2.4¢ Sentiment: None Disclosure: Held
