Ann: Appendix 3B - Issue of Ordinary Shares and Unlisted Options, page-18

I find those justifications very unhelpful. 

"... that his wage is similar to what he would be paid if he was to work for any other major tech"

The fact NF doesn't work for some other major tech (not that TV2 is a major tach??) - he works for the interests of TV2 shareholders and going by the financial data noted in the 2018 Annual Report he is not doing a very good job of that. 

And by the way - if he was working for another company - do you think he would retain a 350k per year position if the company was losing around 4.5 million per year? I think not. So the question is ... how does he retain a position at QBL?

@MadManMuzza

I disagree with your views.

Fact is - why would a holder care one iota about what NF's shares are worth when their own share value and capital is being eroded?

"Out of Nicks 350k salary he pays 137k to mr tax man and is left with 212k." So what - we all pay tax on our income - relevance?

"... in comparison to what his shares are worth" If - he didn't buy those shares like other retail holders - what has he lost?

And he still collects a very good salary with benefits despite not generating returns for his employer - TV2 shareholders!

And you defend this as reasonable and suggest others are foolish for seeing the issue from a different perspective? Hmm ...

 

I agree with what you are saying but we are talking about two different things.

Nick in my opinion is overpaid based on his lack of performance and should be working and paid with the shareholders in mind.

What I am sick of seeing written on this forum is that Nick doesn't want tv2u to succeed because he's making a killing as it is.

This is completely ridiculous in my opinion as if he didn't care about the growth of the company he could have sold half his shares multiple times for 4 million plus and paid himself the equivalent of nearly 20 years of his current salary. 

My comparison of Nick's salary to that of other tech gurus was supposed to illustrate that he could easily earn what he's making now if he wanted in many other areas. So why is he staying with tv2u? Is he determined to drive his own share value into the ground??? That's idiotic and unrealistic. 

Don't twist my comments to suit your own agenda champ!

MMM