Australia's largest stock trading and investment forum Australia's #1 stock forum

IOT

Click for more information

0.00%

0.1¢ iot group limited

Prospectus, page-8

First 8 Last

Share
Profile

Follow
Whome

525 Posts.

04/03/17

15:07

Post #: 23099468
Share

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.

Expand

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
2 Upvote

0 Great analysis

Reply

Top Stories

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Aussie inflation seemingly hit a 3 year low. So why's the ASX200 red?

'We're looking': Nickel-rich Indonesia sounds graphite warning to Aus producers

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Making money: How many microcaps should be in an investor's portfolio?

What each US election outcome would mean for Australian companies & investors

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

MIN

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

There are more pages in this discussion • 9 more messages in this thread...

First 8 Last

Add IOT (ASX) to my watchlist