I am afraid it won't be "ASAP or sooner". In my opinion, Tom has 4 years to work on that "final" major move, and he has to be incentivised to make it the bigger the better for all shareholders.
FLC is currently my biggest holding in the ASX and yes, I do get very attached and trying to follow the company closely. I may get myself into over-thinking, and at times, the imagination may get a bit far fetch. So here I have is a possible scenario, orletscall it a fantasy.
Back to Tom's background first before the fantasy, Itis simply put in @ywtoh'sreference in his post:
https://themarketherald.com.au/fluence-asxflc-appoints-thomas-pokorsky-as-new-ceo-2022-03-14/
•MrPokorskyhas 35 years of experience in the wastewater treatment industry including 15 years of CEO experience
•However, he’s most notably known for building up companies profitability before selling them
•Employment terms also include over 31.2 million sign on stock options to be granted, which represent five per cent of outstanding issued shares
A bit of my digging was in: https://hotcopper.com.au/posts/60183398/single
Looking at the top shareholders of FLC, I could kind of identify most are in it with a long term goal of realising a major capital gain from holding. Pond and Plan B are venture capitals and have been holding for about 15 years now. I don't think Richard Irving would be happy to walk away with $8.4m for puttingthat15 years in it. As for the innovators,Eytanhad sold at a much higher price and he managed to use the proceed for his next ventures, Ronen sold some, at a lower price thanEytan's, and is currently holding 4m plus. Ron Lauder's all-in-cost at the time of merger was stated at $1.60 per share, there is the holding from day one Employee Equity Administration;Jagen; HaoJingetc from 2016 onwards...
I believe, all at some stage, are looking for an exit, and that exit has to be profitable, even for Ron.
Now that the tech has been accredited with more than 313 installations, business is gaining traction, with positive EBITDA and positive cashflow ....I think the management has now tasked Tom to take the company to a level as high as possible. Noting that he is known for building up companies before selling them, he has to be incentivised with a stake to do that job.
I may have mentioned "brokerage" before. To elaborate a bit more, imagine if you ask a business broker to sell your business, he/she will look for a buyer, sell the business for you and charge a brokerage of 5% for their connections and effort.(Sometimes, justbloodsuckers).What I could see in the current appointment, is tasking Tom with $400k-$500k a year to grow the business for the next 4 years, grow the company to as big a size as possible, get the market cap, the share price as high as possible, and with a similar touch likeAxiusWater, helping all shareholders exit with a handsome payout and he will get his 5% brokerage calculated at $X - 20c (option fees) per share.
On connections and experience, check this out:
http://www.wescoegypt.com/about.html
"WESCO is opening up new possibilities for decentralized water treatment withredeployablesystems. Our modular “plug & play” solutions can be located virtually anywhere and be scaled up and down in parallel with capacity requirements. For subdivisions, for resorts, for remote work camps – wherever a decentralizedsolutionsis required."
Fits like hands and gloves. And how isNewterraWater connected?
http://wescoegypt.com/board.html
Have a great weekend,
(20min delay)
