Small instos accumulating CM8, page-105

To be honest I dont think its overly a big amount. They are not getting paid heaps in the form of salary.

And as long as the key metrics improve i think its fair for management to receive the options and performance shares.

They killed last years performance shares in light of the poor performance so so far its acceptable to me.

Having said that they need to recognise all share options and performance shares are an expense and they need to stop excluding them from calculating ebitda.

Not a cash flow item but definitely an expense