Lowe will receive $454k + $130k (Morila sale)
inbuilt in Lowe’s package, there is a termination package of 3 months of $550k … so straight off the bat, he is entitled to $137.5k
he WOULD NOT have made the STI payments, nor the LTI.
he was due for $150k on the 17th of Ocotober 2023… due to the 3 month notice payment above, you could say he has something to stand on to receive that payment…
$454k - $137.5k - $150k = $166.5k outside possible “fair contract termination payment”
So why does he get $166k above the contract price? Why does he get any slice of the Morila deal? It’s a nominal sale… he may be able to buy 150 thousand morilas at the price they are trying to sell it at.
I’m not even going to pretend he will get the $200k LLL sale.
Fraser’s write up in the termination letter would have you believe Lowe provided any kind of positive outcome for FFX holders…. Morila for sale but buyer does the due diligence, LLL for sale by Treadstone will handle that… Atleast he was willing to admit his job title was such a joke he would reduce his fees by 20% for a short while
nothing personal about Lowe, my issue is with our faithful board
Lowe will receive $454k + $130k (Morila sale) inbuilt in Lowe’s...
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