Duffell and Neylon salaries were disclosed in the...

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636 Posts.

10/02/17

10:19

Post #: 22509770
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Originally posted by Whome ↑

I'm back from purgatory. Couple of things I would like to see from IOT:-
1. Update on litigation;
2. Explanation of roles of senior executives; KPIs, and compensation arrangements.

I don't know what Mr Duffel does, but would like to know what he was supposed to do over the year; whether he achieved targets etc. He is a Director, but also a paid executive. If his was a strategic executive role, then given the rapid disposition of businesses from IPO, it would seem to be a failure.

Mr Neylon is not a Director, and appears to be in charge of Sales and Marketing. People can judge for themselves IOT's success in sales and marketing. I have heard rumours of Mr Neylon's cash compensation (in addition to shares and options granted), and if true, the best I can say is that the amount is atypical for this role in this kind of company. This is for the Board to address, and should be fully scrutinised at the forthcoming AGM.

Finally, I think with Warnie I was an early caller of the demise of the Roame and nothing since has changed my view. IOT no longer has the skills on board to develop products - Mr Kantor may have had his faults, and probably unsuited to a CEO role, but he brought to IOT a skill set that is much more evident in hindsight. The recent dispute about the Roam IP seemed to me an oversight by Mr Kantor, but more acutely, poor due diligence by Mr Brown, the then Chairman of Ardent.

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Duffell and Neylon salaries were disclosed in the prospectus....so no need for rumours (may have changed but will need to be disclosed in AR)

IOT Price at posting: 4.1¢ Sentiment: None Disclosure: Not Held
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Duffell and Neylon salaries were disclosed in the...

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