How can a company who's share price has fallen from 75 cents to 10 cents and lost 70 million dollars of market capitalization grant another 217,000 of free shares to staff under their staff long term incentive plan (LTIP). At last count over 800,000 0f free shares have been issued post float. Does anyone know the performance benchmarks for the granting of these shares to the Directors and Employees at Domacom. This should stop immediately. I would like to know how many more hundreds of thousand of shares are in the pipeline, that will just happen automatically. The price of this issue might be right as its FREE.
Pleased to hear any other thoughts.
Cheers
DCL Price at posting:
11.5¢ Sentiment: Sell Disclosure: Not Held