LCL 0.00% 1.0¢ lcl resources limited

Ann: Tesorito drilling commenced, own rig shipped, IP on its way, page-15

  1. 5,739 Posts.
    lightbulb Created with Sketch. 8179
    Tough crowd re; management incentives/options!

    Share price is currently 8.9c and they only get their shares if the share price goes to 15c, 20c 25c.

    I wouldn't mind those rises but if you're asking me; I would give them those shares for free, right now.

    There's nothing like Management that owns shares (and owns a lot) to align themselves with the rest of us shareholders and have the same goal (increase in share price).

    The more they have the better, and the more they want, the better and more convincing it is.

    Would you rather they take bonuses/incentives in cash?

    And they're taking their previously unpaid salaries in shares too - I thought that was good, right? Much better than draining cash? I would say thanks, for agreeing to take shares instead of cash!

    Anyway, looks good to me that they have to reach targets to get the shares, but if I was asked; I'd give them the shares for free and have them even more aligned with other shareholders - imo, dyor, etc.

    Cheers,

    GB.


    ps. when I say you, I don't mean you @Daripper - I mean you, me and all other shareholders.
 
watchlist Created with Sketch. Add LCL (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.