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273 Posts.

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16/11/17

18:16

Post #: 28865531
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Originally posted by donegaldemon ↑

One person asked Louis Carrol why can't management issue options exercisable at 40 0r 50 cents to give them more of an incentive instead of share based payments at current market price ,

Another asked why are they asking for share based payments and incentives when the sp has gone from over a dollar to 17 cents ,.

Louis was giving the same response that we have to look forward and not focus on previous managements mistakes and trust new management , he also stated that these bonuses were in line for a company this size, whereas a few shareholders butted in and called them arrogant and out of touch with shareholders .
I don't have it word for word but that was the gist of it .

it went back and forward like that for while and Louis bore the brunt of it and I think he'd had enough ,, so the message got across in my opinion .

Bert stayed quiet in all of this and he went through the presentation afterwards .

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So glad these guys are starting to feel the heat for their poor performance from shareholders.

Just a shame that investors don't hold enough votes to really hit them where it hurts, their unjustified bonuses!

YOW Price at posting: 18.0¢ Sentiment: Hold Disclosure: Not Held
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