Jamie Twiss being the highest paid CEO in Small Caps is very comfortable where BeforePay is sitting currently. He doesn't want to be too aggressive to make move nor he wants to loose the market value. Jamie wouldn't careless of investor's who actually pays his Salary and others, as long as he's got job security, and he'll be there for another decade or two.
Jamie is running the company right how he wants not how CEO should, there's almost nothing communication to the market other than quarterly where he stands behind the screen and answers questions in his comfort, he does spins off the investors question.
There's no conviction from this guy, he's never bought any shares in the market, and spins off any questions regarding Market valuation, for market to revalue company, there should be good evidence of progression in the form of announcements, which B4P do have but Jamie prefers to rather use LinkedIn as platform to share with investors than ASX platform. When company integrates with Western Union, this is off course on commercial terms (nothing like MoU), we'll be exchanging financial details or give and take of financial, how's this not ASX platform material.
Jamie knows as long as he's quite and won't run the BeforePay under the Bus he's got well paid job safe.
B4P Price at posting:
48.0¢ Sentiment: Hold Disclosure: Held
