VMT

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13.5¢ vmoto limited

You can stop worrying about the directors awarding themselves...

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VYR

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03/01/23

17:58

Post #: 65514049
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Originally posted by Jujovitu: ↑

Hey MTV. No I'm not having it both ways.

performance rights are arbitrarily set by management to award themselves more share in the company. Simple. They could set it at 1 cent expiring next week and award themselves another $1million in shares. Yes an exaggerated example but it illustrates my point. This arbitrary setting of free share giveaways is something thats outta control. Management see the bright future thanks to the EV revolution and are frantically grabbing as much company equity as possible at the expense of the honest investor. It's crystal clear. Charles is a major shareholder and can almost certainly keep giving himself and his closest free shares.

Damn I wish I could give myself millions in the company I work for just for doing my job.

lets not forget this is not a new company. They've been around for years and years. The only reason Charles is still in the position is because of the investors. The history of VMT is not a particularly good one. It wasn't long ago that the company was on its last breaths. The rising tide by the EV revolution rose the VMT boat. The proliferation of EV manufactures is the proof. VMT have not capitalised on their perceived manufacturing advantage and have depended on 3rd parties like Super Soco to provide a finished, marketable, mass market product for them sell. When Stash bikes are selling 20,000 units a month then I'll shut up, but we all know at this rate we'll all be dead by then.

yes I'm frustrated and I will hold my shares for now. But absolutely they are taking the pi$$. Any suggestion otherwise is either denialism or plan ignorance. Just Mho.

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You can stop worrying about the directors awarding themselves performance shares.

They aren't even allowed to vote for any resolution that awards them shares.

It's totally in the hands of shareholders to decide if they get bonus shares.

A substantial majority of shareholders recognise that Charles and Ivan are doing a good job and are happy for them to be rewarded for their efforts if they get results.

VMT Price at posting: 39.5¢ Sentiment: None Disclosure: Held
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Last 13.5¢		Change 0.000(0.00%)		Mkt cap ! $56.45M

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You can stop worrying about the directors awarding themselves...

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

Nine's staff strike as Paris Olympic coverage begins

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

ASX Market Open: ASX200 to rise for Friday session | July 26

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

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You can stop worrying about the directors awarding themselves...

Top Stories

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

Nine's staff strike as Paris Olympic coverage begins

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

ASX Market Open: ASX200 to rise for Friday session | July 26

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News