Educational software is not my area of expertise.
In its FY 21 annual report, the company states it was a challenging year not just from COVID-19 continuing but also from the instability of the takeover approaches (two being unsuccessful) and consequent adverse effects on staff.
It highlights synergies will take 18 months to achieve, so it's not even at the half way point of that.
What do others consider re possibly voting against adoption of the Remuneration Report (resolution 2) and hence voting in favour of the conditional spill motion (item 4, but only becomes 'live' for voting if 25 per cent or more of votes are cast against adoption of the RR)?
I don't know the personalities, but note that Executive Chairman iMr Sandblom who has 137.22 million 3Pl shares is also shown on page 22 of the FY 21 annual report as 'Educational Technology Specialist Adviser'. For the latter, he receives $300 per hour up to $100,000 per annum on top of Directors' fees.
This seems excessive to me given that the company was lossmaking to the tune of more than A$9 million in FY 21. Am I being 'fair' in making this point?
Educational software is not my area of expertise.In its FY 21...
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