The notion of rewarding SSN directors/company executives millions of dollars i.e. 10-15% of SSN for repeated operational failures and delays resulting in an approximate 60% fall in the value of our company is totally ABSURD.
Thank god the share price isn’t at 15 cents we would have had to give the Directors 98% of our company and pay them extra cash bonuses so they could afford to pay their huge capital gain taxes.
There must be something afoot. Hopefully. Oil Baron Tel would not want to mal-align himself with shareholders, surely. I too believe that the Circular to Shareholders re the Meeting on 30 May 2012 is hopelessly legalistic and prohibitively difficult to interpret or predict whether future possible outcomes may be financially rewarding for ordinary shareholders. However the financial rewards for the corporate officers of SSN are very clearly elucidated, tabulated, graphed and highlighted.
If this document and sentiment is indicative of what the US pays its corporates for repeatedly dropping the ball imagine what they would receive for kicking a goal. : )0 The company has stated that this is their going rate for us as shareholders to afford to secure their expertise, talent and possibly, the future provision of a reply paid envelope. (sorry Sandy’s apparently SSN cant afford it this year)
Is it any wonder that currently the US total debt to GDP is 100.012%
I do feel that Terry will provide us with further explanatory addendum to this nightmare of a document as well as a convenient SP rise before Enid’s Tea and Crumpets on May 30.
“But We Ain’t Seen Nothing Yet”
cheers and tears : (
netstockings
p.s. for all our US friends - 'Not Happy Jan' is a iconic reference in OZ
( see 'Not Happy Jan' add on Youtube )
http://www.youtube.com/watch?v=mG9tiaY-2Qo
SSN Price at posting:
9.4¢ Sentiment: LT Buy Disclosure: Held