I sent an email to Terry yesterday and received a very lenghty page long reply after a few hours. After reading his email and re-reading the document I do believe that the document and the boards intentions have not been lost in "lawyer" jargon and have been misunderstood.
The Oil/Gas business is HOT at the moment and good calibre personnel are very hot property. Terry did not state the following but it was a thought after his reading his email. The last thing this company needs right now is for any of our executive to take a walk elsewhere while we are trying to build the company. I have had shares in some companies who have lost good personnel and then have had difficulty attracting talent. D Craig who we were all so excited with who when she joined the executive is only receiving $80,000 as at Jan 2012. . It seems that such plans are common in the "US Energy Space" and are necessary to attract and retain good talent. I asked for comparison companies that use such plans and Terry gave examples.
I made comment on his email and he replied very shorty.
I really believe that the Management are working to shareholders interests and but were niave in their wording of document. This naivity stemed from good intentions - since bad intentions need more thought to be covered up.
Terry will receive $250,000 worth of shares (2.5million) but these will be granted equally over 4 years and he has to be there working for the company to receive them.
Give the man a chance to explain in a "Plain English" response.
- Forums
- ASX - By Stock
- SSN
- samson oil & gas lodges quarterly report and a
samson oil & gas lodges quarterly report and a, page-58
-
-
- There are more pages in this discussion • 45 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SSN (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
RCE
RECCE PHARMACEUTICALS LTD
James Graham / Dr Alan Dunton, MD & CEO / Non-Executive Director
James Graham / Dr Alan Dunton
MD & CEO / Non-Executive Director
SPONSORED BY The Market Online