CWE carnegie wave energy limited

Ottaviano Wage needs to be addressed!

  1. 266 Posts.
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    Michael Ottaviano I believe is an asset to CWE. He represents the company in a poistive way - at the same time I really do think we need to gather together and seek an investigation into his salary - at $700,000 per year plus option in which I think he hold some 40,000,000 shares is absolutely - completely obsurd.

    Especially presiding over a company which is now lost money hand over fist each year AND is only surviving because of yearly shareholder hand-outs.

    I confirm that I (and collegues) have spent the last 2 days (yesterday and today) selling a very large amount of shares and have kept a nominal amount just so I can see this shareholder action through. I think everyone interested in seeing CWE move forward in a "SUSTAINABLE" way needs to action this with the CWE management and remuneration commitee. My frustration has further come from CWE not returning any emails or phone calls regarding the planned rollout of CETO 6 - "is it commerical ready or another test phase?"

    I forecast 2 things by end of the year for CWE:
    1) Another capital raising 3 new shares for 1 existing
    2) CWE share price 2c

    Mike Ottaviano laughing all the way to the bank with his close $1 million package (with share options) per year.
 
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