Australia's largest stock trading and investment forum Australia's #1 stock forum

VRC

Click for more information

11.1%

0.4¢ volt resources limited

i am not a top20 but i urge the top20 holders to take action and...

First 35 Last

Share
Profile

Follow
shawn34

4,273 Posts.

323

17/01/23

14:20

Post #: 65734054
Share

Originally posted by HuntAndGather: ↑

It’s very clear that all the directors including Asimwe and Trevor and other directors need a massive pay cut considering the lack of execution and considering the market cap is so low. RNU director is on $440,000 and justified as he has delivered a $647 mill MC. But Trevor and Asimwe have done nothing for us.

Asimwe has invested over $4.5 million in VRC but gets payed $290,000 a year as chairman so actually he is receiving a 6.5% return each year whilst all other share holders are sitting in loss.

The same goes for Trevor Mathews who makes $400,000 a year doing absolutely nothing for the company except spending money on projects in war torn countries.

It’s clear that these directors need to be cut back 50% plus of their current salaries.

Do you know who outvotes them and that’s the top 20 share holders. They could easily call an extraordinary AGM and vote for reduction of salaries and or removal of certain directors including Trevor.

Expand

i am not a top20 but i urge the top20 holders to take action and put in vote to cut down wages of directors and get rid of their performance shares.

VRC Price at posting: 1.4¢ Sentiment: Buy Disclosure: Held
17 Upvote

0 Great analysis

Reply

Top Stories

SFX

Sheffield Resources achieves milestone production, shipments at Thunderbird, WA

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

NIM

Nimy extends sulphide targets at Mons with new anomalies identified

NXM

Drilling at Bethanga shows signs of Cu-Au porphyry system for Nexus

ASX200 dives as inflation clocks in at 4% – higher than 3.8% consensus

There are more pages in this discussion • 78 more messages in this thread...

First 35 Last

Add VRC (ASX) to my watchlist

(20min delay)
Last 0.4¢		Change -0.001(11.1%)		Mkt cap ! $16.63M

Open	High	Low	Value	Volume
0.4¢	0.4¢	0.4¢	$6.159K	1.539M

Buyers (Bids)

No.	Vol.	Price($)
51	35045771	0.4¢

Sellers (Offers)

Price($)	Vol.	No.
0.5¢	7894597	7

View Market Depth

No.	Vol.	Price($)
51	35045771	0.004
11	10287715	0.003
10	16041525	0.002
6	13667000	0.001
0	0	0.000

Price($)	Vol.	No.
0.005	7894597	7
0.006	24981123	35
0.007	7692551	8
0.008	5295275	10
0.009	5671149	8

Last trade - 12.23pm 27/06/2024 (20 minute delay)

VRC (ASX) Chart