So the WZR employee incentive plan was voted against at the last AGM - with over 50% of the votes being NO votes.
But management have decided to issue a massive amount of 31.74m performance rights to Andrew Goodwin & Joanne Edwards anyway
Which is over 2.3% of the entire issued number of shares in the business
And these "31.74m no cost performance shares" are now part of the companies 15% placement capacity in this FY - which limits WZR's ability to raise further capital without holding a special meeting
There has been a lot of grumblings on these forums that WZR management have paid themselves far too well in the past & present.
But surely the issuing of these 31.74m "no cost" performance shares "takes the cake" over all their previous perceived greediness - especially in light on what has happened to the share price over the past few years ?
Clearly macro factors have been against them, but there has also been some significant mistakes made by management (eg spending $5m on advertising during the olympics) - and the granting of this massive amount of performance shares is a really bad look IMO
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Last
3.8¢ |
Change
0.002(5.56%) |
Mkt cap ! $52.12M |
Open | High | Low | Value | Volume |
3.6¢ | 3.8¢ | 3.6¢ | $7.27K | 192.2K |
Buyers (Bids)
No. | Vol. | Price($) |
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3 | 240530 | 3.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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3.8¢ | 391806 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 240530 | 0.036 |
2 | 321934 | 0.035 |
2 | 310000 | 0.034 |
2 | 331600 | 0.033 |
1 | 200000 | 0.032 |
Price($) | Vol. | No. |
---|---|---|
0.038 | 391806 | 5 |
0.039 | 416500 | 2 |
0.040 | 312762 | 3 |
0.041 | 224562 | 2 |
0.042 | 169372 | 4 |
Last trade - 11.43am 30/05/2024 (20 minute delay) ? |
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Last
3.8¢ |
  |
Change
0.002 ( 5.56 %) |
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Open | High | Low | Volume | ||
3.7¢ | 3.8¢ | 3.6¢ | 233366 | ||
Last updated 11.43am 30/05/2024 ? |
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