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0.2¢ new zealand coastal seafoods limited

You're right, buying on market from the non execs at these...

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Jimmyspark213

839 Posts.

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25/11/20

23:44

Post #: 49149302
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Originally posted by WhiteCity: ↑

Any long term holders considering voting Yes to the performance rights for non exclusive members should consider that they have 5 years to reach these milestones.

The consensus around these forums is for Willesee out and to be replaced with BOD who can transform NZCS into a big player. It seems that with the appointment of Phillip Wilson and Peter Fletcher they are starting this process early while the company is in its infancy.

Between all 3 Non-Executive members, they hold approximately 2mill shares. These 3 members can’t do anything to the share price by selling 0.25% of the company they currently own.

If these goals are successfully reached in the future they will have more voting power and our shares become diluted and less valuable if voted yes. If they were buying on market while the share price was low it would give me a lot more confidence, tho they really seem to want a cheap ride on others hard work.

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You're right, buying on market from the non execs at these levels would speak volumes to us shareholders. No cheap ride here!
Willesee did participate in the cap raise, but it was a small amount. The others didn't. No free lunch while other shareholders are currently bleeding.

NZS Price at posting: 2.4¢ Sentiment: Hold Disclosure: Held
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