DNA 0.00% 3.2¢ donaco international limited

Here are some interesting points that I don't think all...

  1. 76 Posts.
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    Here are some interesting points that I don't think all shareholders are really aware unless you dig deep down into the books.

    CEO Paul Arbuckle buys 166,666 shares ($10,000 AUD) worth. Clearly a CEO who does not believe in the story as $10k does not mean you have skin in the game, especially for someone who can afford to buy $500,000 worth.

    But here is where I am finding major red flags on this Board. Ben Reichel also buys $10,000 AUD worth - again this is offensive to shareholders and offensive to the very company the Board are supposedly representing. Annual Report 2018 shows Ben Reichel took home $585,518 for the year, and was appointed 2007. Therefore he has been on the Board since $1.00 SP all the way down to $0.05 cents and has taken home over $3,000,000 AUD from the company while shareholders get burned. Reading other posts in this forum this is not a very popular guy at all. BUT to further add to the shenanigans from these individuals Ben Reichel was granted 396,166 shares, meaning he is literally receiving more shares than he has purchased. His holding is now 880,249 units (under $50k worth) but he has been a Director since 2007?

    Who takes home millions of dollars in pay as a Director but has no skin in the game? How is it possible to pay 100% bonuses to themselves in previous years when the share price has tanked over 90%?
 
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