Hi@all,after first strike yesterday and criticism of CEO Board,...

Hi@all,

after first strike yesterday and criticism of CEO Board, I think, the directors are forced to buy the BLY shares.

Compare with the following:


"We've invested something you haven't," Boart Longyear director Roger Brown told the meeting when responding to criticism some directors had only minor shareholdings in the company.

"We've invested our reputation. Everyone of us has invested in successful companies - and this won't be the first time that hasn't happened."

Another director, Roy Franklin said he'd invested three quarters of his directors fees after tax in Boart Longyear shares.

Another director, Roy Franklin said he'd invested three quarters of his directors fees after tax in Boart Longyear shares.

"I've spent sleepless nights," he said "Yes, we took on too much debt at just the wrong time.

"We do have some very serious challenges to deal with in the short term," he said.

Boart Longyear managing director Richard O'Brien denied the company was in ''work out'', with its lenders calling the shots due to the high level of borrowings.



WHAT DO YOU THINK?



Read more: http://www.smh.com.au/business/mining-and-resources/first-strike-as-boart-longyear-shareholders-reject-remuneration-report-20140519-38jzq.html#ixzz32C0kzaUL