Proposal to be considered at EGM, page-122

If you don't believe me take a look at the big4 banks share price since the GFC...
Look at the SP (it's stayed static...even fallen) despite their ever increasing profits...
Why is that? ...given you would think by any metric the simplest would be if you had paid for an asset and that asset earns more and more each year, you'd think the price you would expect to get for that asset later on would be bigger...
But it's not!
So how can that be?!
Well take a look at the no. of shares on issue of the big4 banks over the same time.
The reason the SP hasn't risen (along with rising profits), is your "asset" has been divvied up to more and more "owners"... the share registry has ballooned and there are more shares "demanding a slice" of those profits... earnings( the numerator) has gone up..but so has the number of shares!!! (the denominator)
If earnings per share remains static (or worse falls) and the no of shares issued continues to climb... there is only one way the share price can go!
Not to mention the numerous games the sharks of the market play (along the way)... never taking pre CR risks, and continuning to take money out of the pockets of existing holders (via their HFT and other various market manipulations!)
But a decade on...they can never beat the maths! It always calls them out in the end! Proof is in the maths!
Isn't maths wonderful!!
NA/IMO!