Ann: Changes to the Board, page-14

First 14 Last

Share
Profile

Follow
Bocas Boy

1,252 Posts.

84

13/01/19

15:09

Post #: 37100805
Share

Originally posted by Maysgr ↑

Former holder here (and some time ago now), but still have stock on my watchlist.

Saw today's announcement so had a bit of a look.

Alain was employed with CFO from 10/7/17 (that was the day it was announced to the ASX anyway).
Announcement stated his salary would be A$100k, would be subject to periodical review based on tenure, and he would be eligible to receive shares under performance milestones (with some of those being related to a share price above $1).

30/10/17 announcement advises his salary was now USD$150k.

Gone up $50k in dollar terms, as well as the benefit of getting it in US$ as opposed to AUD in the space of less than 4 months.

Those 500k shares he got were only voted on at the AGM about 40 days ago.

I wonder when the Board worked out he was no longer required??

I don't think any of this was Alain's fault but the guys in charge at Board level probably needs to start showing they have shareholders best interests at heart as a very high priority.

May well have been shown the door given I saw the word redundancy in there somewhere.

Having a look at the last 18 months of announcements, there have been a lot relating to board, management and key personnel changes.

I would be pretty angry if I was a shareholder, especially about the dilution in this situation, and would be wondering if they are going to continue down this path.

Expand

Lets face it he was punted just sat around taking the money while the SP reached new lows this stock is dire without any blue sky ahead!

CFO Price at posting: 16.5¢ Sentiment: Hold Disclosure: Held
1 Upvote

1 Great analysis

Reply

Top Stories

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

HotCopper Highlights: Your most watched stocks for Week 47, 2024

SIG

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

DUI

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

PYC

Scientific conference spotlights PYC's work on blindness disease treatment

LPE

Sales growth pushes Lovisa's fortunes (and shares) upwards

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

There are more pages in this discussion • 27 more messages in this thread...

First 14 Last

Add CFO (ASX) to my watchlist

Ann: Changes to the Board, page-14

Top Stories

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

HotCopper Highlights: Your most watched stocks for Week 47, 2024

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

Scientific conference spotlights PYC's work on blindness disease treatment

Sales growth pushes Lovisa's fortunes (and shares) upwards

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Featured News