DCL 0.00% 1.1¢ domacom limited

2017 - 5th Largest Volume selldown yesterday.

  1. 258 Posts.
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    Hi Occam,

    Any ideas on why the large volume sell down yesterday from 3 trades at 325,000 shares.
    I think its about the 5th largest volume for 2017 in one day. Apparently no announcements, not sure if its a reaction
    to motions proposed for the AGM.
    To grant the CEO and his wife 500k and 70K free shares together with the COO
    who also scores another 500k of shares is incredulous. I am not sure how the remuneration committee could put up such a motion for LTIP's having regard to Domacoms appalling performance post float. Equally granting these shares without any performance targets on SP or NP cannot be worlds best practice. Options to acquire those shares at a strike price above the IPO price of 70 cents may have been some form of recognition that things have gone wrong and would indicate a strong view on a way forward from management and the Board.
    It would be good if 25% of shareholders registered a protest vote so that at least a "first strike" could be tabled and some sense could be focused on remuneration vs performance of Domacom.
 
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