ELE 0.00% 0.5¢ elmore ltd

Whats Happening, page-17

  1. 102 Posts.
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    A lot of posters here getting wound up over the performance rights but can't see the forest for the trees, you need to stop for a sec, leave emotions at the door, and understand some facts...


    Fact 1: the only people who stand to benefit from the performance rights are David, Tim, Sean, and Dasari.


    Fact 2: regardless of what you think, these guys are not gifting themselves a bonus, rather your fellow shareholders are by way of a vote on these resolutions.


    Fact 3: of these guys, only Sean is a shareholder with 2,714,160 or 1.20% of the registry in his name, not enough to get these resolutions over the line on his own, not that he can vote on his own resolution anyway.


    Fact 4: in order to get a majority vote, you would need the whole of the top 20 and then some to vote in favour.


    Fact 5: like us retail punters, these shareholders will get diluted and don't stand to make a single cent ROI until the SP increases, their interests are 100% aligned with our interests.


    Question time: so why, @rocket973 @mickloff et al, would anyone other than Sean vote in favour of these resolutions? Why will they?


    Make your own inferences.

 
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