SEI 0.00% 2.9¢ speciality metals international limited

Ann: Notice of General Meeting/Proxy Form, page-5

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  1. 2,412 Posts.
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    Good pickup speedyl. Definitely should be AND and not OR.

    This Performance rights condition for the quarry deal going through without a corresponding requirement for an increase in the share price is a serious conflict of interest issue that needs to be rejected by all shareholders.

    If this is approved, directors could actually be incentised to get the deal through at all costs irrespective of whether it benefits shareholders just to qualify for the performance rights.

    The quarry deal is already supposed to be a done deal. Surely the bar should be set a lot higher considering how nothing much has been achieved for so long.

    Not impressed.
 
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