The motive behind the BOD resolution for gifting themselves Performance Rights ( in reality shares ) to themselves plus a related party, appears selfish at best. Except for David Evans, no other directors have purchased shares on market and given shareholders much confidence. Apart from Company initiatives reported, DomaCom's performance since listing has matched its share price....A shocker ! The Company reported $22.6 M funds under management as at 31Dec 2016. Just 10 months later, it was reported there was 24.8 M FUM , plus another $8.0 M in progress. Surely directors are not serious about rewarding themselves additional shares on this result ? I see no mention of these Performance Rights being linked to key milestones such as FUM or SP. The current SP and outlook for DomaCom is a major concern. I will not be supporting the AGM's Resolutions 6-12 inclusive.
DCL Price at posting:
10.0¢ Sentiment: Hold Disclosure: Held