This whole system has been designed to benefit the Directors of DGR who are reaping in the profits through their huge salaries, self approved bonus options and shares, together with travel, accommodation etc., etc. Our DGR's CEO gets paid for being director of DGR, SOLG, and all the other 'daughter companies' to the tune of over $1.15million, together with being able to recently buy 13,675.000 options at 6.5c making them fully paid shares at today's value of 9.3cps (up $382,000). Of course before this occurred DGR shares were worth 13-13 cents per share. He, and the other directors who each picked up 4,675,000 6.5c options(up $130,000) under the Employee Incentive Program, in Sept., '17 (reminder that this the second such employee incentive program in 2017), had then set the value of DGR share value for the future........more than 6.5 cps but a lot less than the then 12-13cps. And they continue doing the same thing in all the other 'daughter companies' including SOLG. Steadily increasing their percentage holdings of the companies while other less significant holders take an absolute beating and loss. Great potential tier 1 resource.....shame no none else is making any profit other than selected significant investors and Directors. Like SEMS my initial investment was at 40 cps and though I have continued to average down, the price falls even more and more.
We are being informed that more such 'daughter companies' are on the horizon and guess who will become directors with more compensation plus more 'employee incentives' while working the same number of hours. There are only 24 hours in the day and each time they work on one of these 'daughter companies' they don't on the primary company (DGR). Can anyone explain to me that there was no conflict of interest in NM accepting an unsolicited 25pence per share offer for SOLG by a merchant bank, then SOLG's share value at the time was well in excess of 35pence. Surely, the CEO of DGR would have said no to this deal because of the affect it would have had, and proven to have had, on the value of DGR and it's shareholders.
NM is acting in his best interests and not the average DGR and all the other companies' shareholders. Unless his power to make decisions is reduced, the average shareholder in DGR will continue to pay dearly. He continually reminds us of how well OBIS did, but apart from him selling his 7% share at huge profits (many Millions of dollars), the DGR shareholders got just over a cent in a dividend and subsequently we have seen our share value drop again and again, while NM buys cheap options in DGR and daughter companies increasing his net worth by (conjecture) tens of millions. When you pay yourself over a million plus dollars per year, you can afford to look long term. And when he says he will not sell SOLG at a low price, well he has a history of mistruths....sold huge chunk of SOLG for seriously undervalued 25pence. In five years he will own more and more of DGR and 'daughter companies', pay himself more and more and compensate himself (and other directors) more and more through 'employee incentive schemes' which only seem to incentivize the few directors and not the field employees doing the hard yards. We need honest and professionals to manage this/these company/s.
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Last
1.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $14.61M |
Open | High | Low | Value | Volume |
1.0¢ | 1.0¢ | 1.0¢ | $1.588K | 158.8K |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 185236 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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1.1¢ | 1983333 | 3 |
View Market Depth
No. | Vol. | Price($) |
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1 | 28219 | 0.130 |
3 | 250000 | 0.125 |
3 | 1020491 | 0.120 |
1 | 500000 | 0.115 |
3 | 99220 | 0.105 |
Price($) | Vol. | No. |
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0.135 | 65000 | 1 |
0.140 | 393111 | 1 |
0.145 | 295471 | 3 |
0.150 | 95000 | 2 |
0.160 | 47375 | 3 |
Last trade - 14.51pm 29/11/2024 (20 minute delay) ? |
DGR (ASX) Chart |