Ann: Update on Outlook for the Year Ending 30 Jun, page-7

re: Ann: Update on Outlook for the Year Endin... Street Talk

I dont think your reading the letter of appointment correctly. On the 7th May Post 5343368 there was an extract of the CEO's appointment........

"Alignment with shareholders: co-investment incentive......he will also receive a co-investment incentive of $400,000 worth of performance rights in the Company that will vest upon satisfaction of a performance condition the performance condition will be met where the Companys 20 day weighted average share price at the end of the 2013 financial year is 25% higher than as at the date of Mr Borghettis commencement as Chief Executive Officer and Managing Director."

At that time the share price was as posted then....
I for one certainly hope that VBA will be significantly higher than .075c in 3 years time, and I bet Mr Borghetti will as well.

Please dont imply that a CEO is trying to manipulate his performance bonus when the letter of appointment tells an entirely different story. This is my opinion only and please let me know if I have misread the ann.

I believe he is being up front and taking the current Global environment on the chin and advising sh accordingly. Be positive and look at the long term gain we can achieve at these prices.

My opinion only DYOR.
Firthy