Ann: Shareholder Share Purchase Plan 2019, page-4

Not sure if I would use the word squandered. Like TJ has implicated, it was solely for the purpose of keeping the board members, in particular MT in the lifestyle they think they so deserve.
I also believe MT should be completely out, let alone only a 25% decline in his income. What could he possibly bring to the table? Nothing's worked yet. Again, that is just simply outrageous and a huge burden on APG.  APG simply can't sustain this sort of financial burden any longer AND  shouldn't have too!
A fool could see that much. FFS, another 850,000,000 shares? unbelievably insane.
I'm not privy to the closed door discussions that are surly going on at the moment, but I sure as hell hope they're playing hard ball. I can't see APG's future continuing without some major changes, simply to bring back integrity and most importantly, to actually produce some progress.
Imo, not only  is  MT a hopeless MD, Gaston and Cuthbertson are just as hopeless. These two also had a duty of care, which isn't there.

I'm not the smartest marble in the pack, but sure as hell, I could do a better job than this lot.

Rickaroonie