BUD 0.00% 4.3¢ buddy technologies ltd

I struggle to support a resolution that proposes to issue...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 1,210 Posts.
    lightbulb Created with Sketch. 241
    I struggle to support a resolution that proposes to issue performance rights to anybody based on achieving a certain level of turnover, particularly with a manufactured product. Certainly revenues are important but revenue in itself can send a business broke very quickly if the sales are being made at prices that are below break even. There is little point in the potential recipient of the performance rights selling below cost because his shares will be worthless anyway if the company is driven into insolvency. I much prefer performance rights that are based on actual EBITDA. Achievement of realistic but challenging EBITDA targets means we all benefit from the effort to drive revenues higher. Higher revenues with corresponding increase in costs only benefits the manufacturer. Not saying it will happen but this resolution is open to potential abuse.
 
watchlist Created with Sketch. Add BUD (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.