Mr big, there are actually over 2billion shares on issue. the market is pricing in yet another duster for Nido already. 21st of May last year the sp was 3.1 cent high. 12 months later 3.4 with the boss asking for another 18million "performance" rights. These directors have a very strange interpretation of performance. No doubt Phil has been working his butt off but he gets paid very handsomely for it and with the freebies (will total 2% of the company ,44million given to Phil) after the AGM tomorrow he obviously is not inclined to share any of the pain we as shareholders are going through. How he can stand up and ask for those is beyond me but each to their own. Looks like no exciting news before the AGM and with this company continually underperforming can anyone give me one good reason why this company should remain listed on the ASX other than to supply a handful, a very comfortable living. There is nothing in it for the everyday shareholder. I'm not sure if a consolidation is the answer but I'm more inclined to think they should put the for sale sign up and open it up to the highest bidder but that would put a few off the gravy train and most likely would never be tolerated. All IMO only of course.
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