Returning to the Q&As...
Back in Feb when we were still arguing about whether the 6 cent recapitalization plan was or was not in the best interests of existing shareholders per the legislative & listing requirements @GARETH78 helpfully raised the possibility here that Treadstone might be getting paid for services rendered in (dilutive) new shares instead of fees/success fees or straight commissions. The current board has kept us completely in the dark.
Given that fees, commissions & incentives paid to employees, officers, brokers, book-builders and mostly all other agents of the company are routinely disclosed openly and in advance - and that we are a public company, after all - I am still not sure why Treadstone (effectively a sales agent) is being treated differently.
Will the new directors commit to disclose - or at least bring much greater transparency (within the bounds of any legitimate contractual confidentiality obligations) to Treadstone’s complete terms of engagement? Even if there is a commercial-in-confidence clause, surely they will be happy to waive it if specifically requested to by FFX (their client).
Add to My Watchlist
What is My Watchlist?