RBM redbank mines limited

please vote against resolutions 7 8910 and 11

  1. 7,295 Posts.

    Hello Everyone,
    With Crawley Investments investing approx. $6,800,000 in RBM, I see no need to Issue 9,150,000 RBM Shares at 1.5 cents to RBM Directors. Yes this would cost $137,250 at present, however Shareholders including Crawley Investments would be better served if these RBM Directors were paid the Cash instead, therefore please vote against Resolutions 7,8,9,10,and 11.
    Performance Hurdles should be in place if Directors want Shares instead of Cash. For example,if RBM Shares from here at the 2008 A.G.M. improved to above 6 cents over 6 Months then these Directors could receive 1,000,000 Shares( Res 10; 575,000) at 4.0 cents per Share.
    Perhaps Crawley Investments may also see things in a similar way to as suggested here.

    No responsibility taken for any losses in association with this posting.

    Regards,

    moly
 
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