founding directors resign, page-2

Chart sucks and is in line with their execution and timeliness in securing new deals, which to-date have not been as big or glorious as anyone had hoped for. Talks of US and Asia turned out to be India, not the likes of NYC, China or Korea. There was a video floating around subjecting activity in the UK which would be a good score but seeing will be believing. Outside of this, not much on CL progress. However, Aussie contracts are performing strongly and generating cash although this is being spent to get offshore deals but this is what you sign up for owning this stock.

Regarding the directors, they resigned to make way for new directors with relevant industry experience, as XTD does not need more financial types on the company. One of the new directors purchased shares before joining the company. Glass half full or empty on this? Subjective either way.

The performance shares were related to revenue targets and screen count growth, which if met would be highly value accretive for shareholders, thus fully disagree with this view point. Tying hurdles to something like market cap is meaningless as you could achieve this target by doing lots of capital raisings. Tying it to SP levels is also bad as you could organise a pump n dump to achieve that (i.e. RCE the other week).