SEI 0.00% 2.9¢ speciality metals international limited

Ann: Notice of General Meeting/Proxy Form, page-19

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  1. 956 Posts.
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    @scottm sorry I can see that you have been a shareholder for alot longer than me ...10 years is a long time...but I like to have 2 way debates on shares I own and look at both sides and it also erks me that in the resolution about the director buying shares at 2.5c they state its over the current price (on that date) of 2.4c but when they talk about how much the performance rights would be worth for Mr Krause they say 15m shares are valued at $198,000. Why say this? To me it seems they are trying to say that oh its not that much but even at todays SP of 2.2c now they are worth $330,000. I personally don't have a problem with giving him $330,000 worth if the SP goes up to 5c but why try to mislead shareholders with a low value of $198,000 in this document (that's equivalent to 1.32c per share)? I find it very hard to believe that given the quarry deal is done and just awaiting finalisation in July that the performance rights should be valued so low. Sorry something just smells here and I am going to contact the company about this.
 
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