BPAM & Board

Shareholders,
Board (as a block) performance is disgraceful.
Recently Board renewed BPAM agreement for a further 5 years.
Annual BPAM cost (source Annual Reports/Press) to BFC looks to be,

• FY2016 - $1,595,980
• FY2017 - $2,380,498
• FY2018 - $2,387,799
• FY2019 - $2,382,705
• FY2020 - $2,400,000
• FY2021 - $2,130,000 estimate
• Total - $13,276,982
• Average annual payment = $2,212830.

Latest Annual Report shows CEO ($393,868) & CF0 ($333,844) accounted for $727,712 - approx 33% of BPAM $. Apply as constant $$ over all years then GAP is $1485118. What does the GAP pay for? Sexton and Gerlach noses in the trough. GAP must be disclosed.
CEO and CFO become direct BFC employees - does the GAP disappear.
Aadditionally Sexton and Gerlach draw Directors fees.
At AGM vote No to Res 1 and vote to spill (Res 2) then we may see the back of both Sexton and Gerlach.
At $0.079 or lower new shareholders must be looking hard at their recent investment. Looks to me that Sexton and Gerlach can't fix.
Bring on change