First off, if everyone didn't realise it, these are performance options. Incentives to achieve things for the company & us as the shareholders. And also as an incentive to remain with the company.
How anyone can continue to hold performance shares after they have left the company beats me. They can't perform or achieve anything. They have left, they are no longer employed. In the immortal words of John Cleese - 'they are a dead parrot'.
Secondly they were issued at the end of last year. Can anybody tell me anything that this company has done since the issue?
In fact, i think we have been in limbo for 9 months so that scotches any need for reward there.
Personally, i could justify Tony retaining some of his allocation. He soldiered on as a one man band with minimal senior management support for many months. But what the chairman did to earn his is unfathomable. He lets Tony & the company drift for nearly 12 months & gets rewarded, are you kidding me!!!
I have been a strong & substantial supporter of the company for a few years now. I have lived through the ups & downs. I feel we are presently in a very strong position with the size, location & quality of our resource & the experience & skills of our present management team.
I am just disappointed that they decided to continue with a reward to people who were clearly not performing.
HXG Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
