I don't think it's because they fear a strike against them on...

I don't think it's because they fear a strike against them on the remuneration report. I suspect it's because they want another chance to reformulate the performance rights at the AGM if they get voted down at the GM. So, yes, all this extra expense so that they can extract as much money as possible out of the company that the dumb shareholders will allow.

I have already submitted my vote against all resolutions and intend on voting against the remuneration report at the AGM. It's definitely worth logging into Automic to lodge your proxy vote - it only takes a couple of minutes. As you can see below they only just made it through last time. It's important to send a message that we won't stand back and allow them to continue using the company like their own personal ATM. If they wanted compounding rewards then maybe they should stop selling their shares. The reason they don't value these performance shares (despite the company's strong prospects) is because they know shareholders will just reload their stack after they sell them down each time.