Here are the latest GXY directors interests in the company:-
Director.... Shares.... Options
Mr Tse.......... Nil......... 1 mil
Mr Wu Be..... Nil......... Nil
Mr Kwan........ Nil......... 1 mil
Mr Splatt.......... Nil........ Nil
Mr Polovineo..... Nil......... 1 mil
Mr Whitfield..... 41,361.... 1 mil
Mr Wanless..... 2.04 mil.. 1 mil
Mr Zeng............. 38 mil.... 1.5 mil (Creat Group)
Mr Ren.............. 38 mil.... 1 mil (Creat Group)
Mr Tan CEO......... 69,000.... 10.5 mil
Mr Zeng & Mr Ren represent the same Creat Group stock holding.
Apart from the options held by directors, their personal share holdings are minimal & apart from Mr Wanless, I,m sure that many HC contributers have/have had more shares in GXY. I certainly had.
I believe that directors ought to have skin in the company apart from the company issued options so that there is reason for shareholders to believe that directors self-interest align with that of other shareholders.With a salary package of $2.3 mil, surely the CEO can afford a few more shares @ retail price above his current 69K!
Moorookamick
GXY Price at posting:
36.5¢ Sentiment: None Disclosure: Not Held