R2 - because we need him, but I am under no illusion that he is remunerated very well for what he does and there is a big payday waiting for him if his project becomes commercial, even though he supposedly works for KNL and gets paid to do this work
R3 - not sure how voting against this one could work, without forcing the Co into insolvency? Cash from that CR already received and part of it already spent, shares to participants already issued?
I decided last year that I will always vote down remuneration packages, not just KNL, but any other investment I hold where I feel the salaries are clearly in excess of what has been achieved by that Co during that year.
KNL is very close to the finish line, a lot of things are happening simultaneously behind the scene and even though I understand the call from some S'holders for more updates, the fact is unless there is something concrete to announce the Co cannot make announcements unless a particular deal/milestone is signed off on, that's just how it is. So me personally, I don't have a problem with that, the main issue is very high salaries + Travel expenses most spec co's manage to rack up without clear accountability to their shareholders.
I hope no one is confusing current KNL share price decline with lack of progress, this is clearly a market-wide and worldwide serious sell down and 'Herd Mentality' is currently in play...companies with great projects are now at unbelievably discounted prices and have dropped on very high volumes...KNL has held up very very well all considered and on absolutely minimum volume.
Anyone that believes that EV's and Storage is not just a hype, will do very well out of investing in Co' like KNL.
All IMO
KNL Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
