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525 Posts.

04/03/17

15:07

Post #: 23099468
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Originally posted by Warnie ↑

Its the most convoluted prospectus ever seen, so many working parts it's very hard to work out the complexities of who's giving what to whom.

What I did see was Duffell and Neylon on $10,000 month for first (3 months maybe?) then moves to $25,000 month plus 10% increase p.a

This is why S Neylon is on $300,000 + p.a

Really is a disgrace.

When the sugar hit the fan with Roam-e and change of direction was stated, all remuneration packages should have been revised based on them having no Roam-e and having to basically start the business again.

It wasn't changed, of course not, why pay themselves less, silly me.

Nelon should be on $100k year max plus incentives based on KPI's, not friggin $330,000 p.a, it's ludicrous beyond comprehension for a company that has no revenue to speak of.

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Neylon has been awarded free shares and also shares for vending in a business that never made a profit and was shut down. A proper board wouldn't stand for it.

IOT Price at posting: 3.6¢ Sentiment: Sell Disclosure: Held
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Prospectus, page-8

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