Hair today, gone tomorrow, page-4

Yet the incumbent Board has the affront to strongly recommend (even then a few weeks ago in the face of a collapsing share price) that we, long suffering shareholders, vote in favour of a $185,000.00 gift of shares (partly escrowed for a short period) to our CEO for achieving a spurious milestone and/or as an “incentive” to retain her.

Forget all about the Board’s responsibility to create long term shareholder value.....12 years on and counting and we have massive destruction of shareholder wealth. They must think we’re gullible patsies.

Has anyone ever heard mentioned or speculated of our CEO leaving let alone any need in paying her questionable bonuses to stay (dressed up as a milestone reward and/or incentive)?

A hand out for a past event is not an incentive but a bonus. A milestone, to be craftily rewarded, that is arguably already within her brief and existing remuneration package as CEO and MD. This is a nonsense. Is there no respect from this Board for fairness toward retail shareholders? Furthermore, we will again be diluted by the largesse.

What of the next milestone and the one after that, and that? Another $185,000 or more each time? Don’t let this rubbish bonus set a precedent.

This ill conceived motion for the coming AGM should be voted AGAINST (either online pre the AGM or at the meeting) to send a clear message of opposition to this madness and serious lack of justification for it.

Let this Board’s shoddy benefaction attempt be exposed and rejected as totally unacceptable.