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337 Posts.
18
26/05/11
20:31
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I will be voting AGAINST the director options and increase in fees.
They need to put some runs on the board first and the options need to be stagged, say 4 cents, 7 cents and 10 cents.
The directors working towards a 4 cent price in three years, won't be too hard to achieve.
I am not prepared to give them at this stage an eight fold bonus on top of their salary.
I will be voting AGAINST and I encourage all other shareholders to do the same. Proxy foprm needs to be with the company by 11 June 2011.
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