It's time for some people to go, page-2

First 2 Last

Share
Profile

Follow
fishman67

4,268 Posts.

678

04/09/19

06:49

Post #: 40300003
Share

Originally posted by shareman ↑

This is in no way personal and I’m sure MM and the rest of the board are lovely, intelligent and hardworking people. Regardless, in my view it is time for some of them to go.

Several of our senior executives/board members/managers etc have been at Biotron for 15+ years. It is just human nature for people to become stale after this length of time. Things become too cozy and cushy when you continue to receive a huge salary year after year.

MM received a package worth $351,260 for the year ended 30 June 2019. I cannot see how on earth this package can be justified. There are also long-term directors who have received significant packages for well in excess of a decade. The difficulty with older members of our leadership team is that if Biotron eventually does fail, it will have little impact on their career or future job prospects as many of them will sail off into retirement.

I see no reason we cannot find a young, hungry, driven, suitably qualified and capable person who can take over managing director duties. We could pay them a very modest salary (e.g. $80k) but seriously load them up with sensibly structured options. If Biotron succeeds they will become very rich and may never need to work again. If this does happen shareholders will of course also benefit greatly too.

I believe there would be many young, hungry, driven, suitably qualified and capable people that would jump at the chance of being able to add “Managing Director” to their CV, regardless of such a modest salary. The benefit for shareholders would be as follows:

1.If Biotron does fail, this may have a tangible impact on their future career prospects. On the flip side, if Biotron succeeds they will become very rich. This ensures there is a real incentive for the person to do everything they can to ensure success.

2.If the person decides to leave Biotron, this sends shareholders and the market important information. The person must feel there is no serious prospect of success for Biotron and they would rather look elsewhere for better opportunities (since we would only be paying them a very modest salary). If they thought Biotron had a real chance of success, they would be prepared to take a risk and stay to take advantage of the options that could make them very rich. If you are being paid $300k+ (like MM), I imagine many people would be quite happy to just coast along whether Biotron had a realistic chance of success or not.

Expand

On the up side none of the board members have thrown themselves of the horseshoe bridge in Ryde, No deal they will be finished, Washed up

BIT Price at posting: 7.8¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

LDX

Lumos Diagnostics surges 140% on major US contract deal

LU7

Lithium Universe targets silver boom with breakthrough solar recycling tech

LIS

Li-S Energy the latest microcap to pivot to US defence market

ASX Market Close: Why are we red today? Because US CPI's at 3%

There are more pages in this discussion • 24 more messages in this thread...

First 2 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 0.2¢		Change 0.000(0.00%)		Mkt cap ! $2.654M

Open	High	Low	Value	Volume
0.2¢	0.2¢	0.2¢	$90	45.00K

Buyers (Bids)

No.	Vol.	Price($)
47	30038263	0.2¢

Sellers (Offers)

Price($)	Vol.	No.
0.3¢	16274992	22

View Market Depth

No.	Vol.	Price($)
47	30038263	0.002
30	82741500	0.001
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.003	14500871	21
0.004	17270968	18
0.005	6690600	5
0.006	1200000	2
0.007	484188	1

Last trade - 12.52pm 16/07/2025 (20 minute delay)

BIT (ASX) Chart

It's time for some people to go, page-2

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

Lumos Diagnostics surges 140% on major US contract deal

Lithium Universe targets silver boom with breakthrough solar recycling tech

Li-S Energy the latest microcap to pivot to US defence market

ASX Market Close: Why are we red today? Because US CPI's at 3%

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

It's time for some people to go, page-2

Top Stories

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

Lumos Diagnostics surges 140% on major US contract deal

Lithium Universe targets silver boom with breakthrough solar recycling tech

Li-S Energy the latest microcap to pivot to US defence market

ASX Market Close: Why are we red today? Because US CPI's at 3%

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News