Ann: Proposed Issue of Performance Rights, page-10

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Boolgeeda Dream

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19/03/25

15:21

Post #: 78330560
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Originally posted by Gomer: ↑

I agree with Smartdude.
The salary paid to PW is paid on the basis of performing certain duties including the sucessful development of Younami. If performance rights are going to be issued they should be on the basis of substantial achievements above and beyond the expected . I believe the milestones as laid down for the issue of performance rights to be far to loose and not for timing achievements far beyond one would expect from PW's normal job description and salary paid.
I'm all for incentive payments but lets make the goals a real achievement.
I would also prefer options to be issued to encourage share price growth rather than giving free performance rights.
It seems the long standing retail shareholders are being disadvantaged again. I'm still upset that institutions and sophisticated investors were offered $26M in shares at a 17% discount while retail shareholders were only offered in total $1m via a SPP.
When are the board and executives going to think of the retail shareholders who have supported the company for so long and in many cases lost considerable amounts of money rather than themselves and institutional investors.
I will definately not be supporting the performance rights resolution but I'm sure support has already been guaranteed from those that participated in the last institutional and sophisticated investors placement.
Rox now has a strong boys club arrangement that will benefit from future gains at the expense of long suffering retail shareholders.

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its a big club and you're not in it

RXL Price at posting: 32.5¢ Sentiment: Buy Disclosure: Not Held
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