TSV 0.00% 0.8¢ transerv energy limited

Ann: Notice of General Meeting, page-8

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  1. 3,719 Posts.
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    Particular disgusting is Keenihan getting $300000 in 2017 after he was responsible for the mess, the share price plummet, especially for pushing through the de-merger.
    What exactly is he doing? Or was this a gentleman's agreement when Messina took over? i.e. "I will step aside but continue to get a ridiculous amount of money for doing not much."
    Same goes for Morgan. What the hell has he done in the last year to justify a 38% increase in his director's fee. Has he looked at the share price.
    And issuing options with an exercise price of 1.5 cents when we are trading a lows (after the share consolidation they caused), is ridiculous. How about getting some runs of the board, getting the share price to 2 cents, at least, then issue some options to yourselves at 3 cents. That would be reasonable.
    Lets not forget these guys are getting paid as directors for the de-merged TSV entity too. Remember when they told us that de-merging would lead to cost efficiencies?
    These guys would be better served focusing on getting the share price up, and making some money for themselves through capital gain, rather than milking the company of its cash.
    Last edited by invertedva: 19/05/17
 
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