I don't think we could sack them before because Bergen backed them and had enough shares. But maybe now we could.
Here is the kicker. Oleg and Peter now own 2.5% of the company because the shares were briefly over 30c. They exercised their options on a unsecured loan paid for by the shareholders. They diluted us based on performance that did not last.
Oleg took over the company at 45c, it is now 13c 3 years later. I think his base has gone from around 175k to 330k in that time and his total package was over 1m last year.
Peter James has spent 4 years taking the company from 20c to 13c. I think the board took home around 800k last year.
This is a small company that loses a lot of money. That had a first mover's advantage and since lost it.
And we the shareholders have given them a 0% interest, unsecured loan for 2.5% of the outstanding shares and 30 million zero price options. So they are being given around 10% of the company, plus a lot of cash, for failing at their main job - to provide value for shareholders. They need to be metricated based on making money for shareholders. Otherwise they can continue to make a few million each year and get more and more options while not achieving outcomes for shareholders.
- Forums
- ASX - By Stock
- Ann: Placement and Share Purchase Plan
I don't think we could sack them before because Bergen backed...
-
- There are more pages in this discussion • 88 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add DRO (ASX) to my watchlist
|
|||||
Last
$1.95 |
Change
-0.060(2.99%) |
Mkt cap ! $1.486B |
Open | High | Low | Value | Volume |
$1.97 | $2.00 | $1.89 | $27.90M | 14.37M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 65427 | $1.95 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.96 | 57000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 55427 | 1.950 |
2 | 11309 | 1.945 |
2 | 1029 | 1.940 |
1 | 515 | 1.935 |
6 | 28335 | 1.930 |
Price($) | Vol. | No. |
---|---|---|
1.955 | 57000 | 2 |
1.960 | 12770 | 4 |
1.965 | 22340 | 5 |
1.970 | 39000 | 2 |
1.975 | 35000 | 3 |
Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
Featured News
DRO (ASX) Chart |