TVN (ASX) PB's remuneration

Originally posted by Digity1 ↑

Of course there has been significant progression but how do you attribute “value”. Is it a warm and fuzzy thing inside that gives you confidence and belief?

I would argue that the only measurable for performance is a market capitalisation and share price. Roughly without looking back we’ve gone from a mark cap 12 mths ago of $70M. Market Cap 12mths of $120M. Let’s call it 100% increase yet the non-execs remuneration increases close to 900%.

I know $50k an invested around this time last year isn’t worth $450k.

I would also argue that they are putting their hand up on a future promise.

How do you know they will secure finance? How do you know they will not have to give half the resource away? How do you know that they won’t come back next year given clause 6.5(b)(iii) in the proposed constitution and give themselves twice, three times and much, four times as much? How do you know they won’t continue to issue themselves shares and options until they all are on the edge of the 5% holding for independence of directors? How do you know there won’t be more delays and they will need to issue another 100m shares to a Hong Kong institution (who are no longer on the register).

You don’t and the board don’t - so how about a remuneration package that is in line with the reality of the company.

Besides Paul, I highly doubt the current non-execs have the skill set or ability to get this into production. Do any have any experience in managing $1B in debt? I certainly wouldn’t won’t them managing $1B in finances and I’m sure if you look at any company that has gone from junior to a billion company, there were directors with very specific skills.

I think Paul deserves a significant kicker as I have already mentioned however the board are a collective and collectively they are way off from what the reality is. For you to state otherwise is irresponsible as a shareholder.

Regarding your comment regarding the board performance and our own greed, I don’t know what planet you live on but the shareholders own the company and as such, the AGM and voting on resolutions are the shareholders voice. You have a very strange concept of greed in saying that directors should see massive benefits before the owners of the company.

I would propose the board come back next year I’m sure if the share price is $1.00, shareholders will all be “less greedy” and be happy to vote for the directors “less greedy” proposal for remuneration of 1M bonus shares each. But wait that’s only a million dollars for each of them for free, not $5 million they'd receive upon conversion of options. Greed much??

Expand

"I would argue that the only measurable for performance is a market capitalisation and share price."

Your argument may often be a good one - but PB has/had no control of the Chinese sell down and so the argument fails in this instance (at least for the time being). Everything, as we all know, now depends on securing finance and if PB swings that then the rest does not matter. Just don't hang him for something out of his control which is really only a short term matter.

No.	Vol.	Price($)
2	40557	5.5¢

No.

Vol.

Price($)

40557

5.5¢

Price($)	Vol.	No.
5.6¢	162954	3

Price($)

Vol.

No.

5.6¢

162954

No.	Vol.	Price($)
2	40557	0.055
4	150071	0.054
3	303700	0.053
3	318990	0.052
2	700000	0.051

No.

Vol.

Price($)

40557

0.055

150071

0.054

303700

0.053

318990

0.052

700000

0.051

Price($)	Vol.	No.
0.056	162954	3
0.057	7600	1
0.058	137000	2
0.059	45500	1
0.060	116666	2

Price($)

Vol.

No.

0.056

162954

0.057

7600

0.058

137000

0.059

45500

0.060

116666

(20min delay)
Last 5.6¢		Change 0.000(0.00%)		Mkt cap ! $96.48M

Open	High	Low	Value	Volume
5.5¢	5.6¢	5.4¢	$26.84K	488.5K

PB's remuneration, page-52

Geochemical work at Newington picks up gold and copper anomalies for Midas

Opyl forms JV with UK and US consortium to bring products to the world

Perpetual sniffs TREOs beyond 4000ppm at Raptor play in Brazil

Hexima shares rise 66% on proposed acquisition of AI player Real Thing Entertainment

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

Quarterly & half yearly reports: Drives Newmont up, Ampol flat, while Fortescue plunges 2.6%

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

Bellevue aims for 45% production increase by FY 2028, announces $150M placement

Acquisitions roundup: European Lithium, Diatreme Resources and SRJ Technologies

NYSE-listed Alcoa Corp joins ASX through key JV acquisition

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

PB's remuneration, page-52

Top Stories

Geochemical work at Newington picks up gold and copper anomalies for Midas

Opyl forms JV with UK and US consortium to bring products to the world

Perpetual sniffs TREOs beyond 4000ppm at Raptor play in Brazil

Hexima shares rise 66% on proposed acquisition of AI player Real Thing Entertainment

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

Quarterly & half yearly reports: Drives Newmont up, Ampol flat, while Fortescue plunges 2.6%

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

Bellevue aims for 45% production increase by FY 2028, announces $150M placement

Acquisitions roundup: European Lithium, Diatreme Resources and SRJ Technologies

NYSE-listed Alcoa Corp joins ASX through key JV acquisition

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News