Thanks all for your considered comments.
Hutcha – The reason I’m bringing this up now is that Grant was just awarded another massive batch of performance rights — on top of the tens of millions already approved just months ago.
Let’s be clear: he can vest some of these rights when the share price is anywhere above 5c. Yes, you read that right. For the Class A rights granted in early 2025, if Tivan’s VWAP is just over 5 cents, he begins receiving shares — and if it hits 10c, he can walk away with up to 25 million shares. All at no cost.
Pause and think: he gets rewarded if the share price is 6c. This is not long-term value creation — it’s short-term dilution at shareholders’ expense. Go read the terms!
Spin it however you like — it’s shameful. Now, if the terms were to grant him 50 million shares only if he took the share price to 45c by 2027? I’d actually support that — because that’s real value creation.
Reddeer – All good to disagree. I’m just really fed up with what I see as unjustified greed. I criticised PB for incompetence — but at least that greed was transparent.
Now to you: I know you agree that Grant’s package is “performance-based.” But help me out — how does it reflect performance when he can get tens of millions of free shares just for keeping the share price between 5c and 10c?
I genuinely want to understand how that’s shareholder-aligned.
Also, let’s not forget — he’s on $400K now, not the $200K he started on.
(20min delay)