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Its far more advantagous for the directors to award themselves...

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whytee

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16/09/16

14:12

Post #: 19207526
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Originally posted by fourdollars ↑

Thank you very much nursery and possum2 for you responses.

What I meant in my point 3 above is that if TAS had to raise $40K to pay directors fees for a quarter (for example), they could just sell $40K worth of EDE shares which (by their calculations) would only cost TAS shareholders 50-60% of $40K since the EDE shares in TAS's hands are valued at such a discount. However, the TAS / EDE arbitrage play is so obvious at the 1 TAS = 1.3 EDE ratio, that I suspect nursery's calculation must be closer to reality.

There is obviously no justification for Director fees of $40K/month given that TAS isn't actually doing anything, but the Solomon brothers will role out the old pearler of having increased TAS's value to justify the fees (of course fees are never reduced when value is destroyed). That said, questions / pressure - even from minor shareholders - is still of some value in this regard.

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Its far more advantagous for the directors to award themselves shares in lieu of fees. The appreciation in remuneration is significantly greater.

TAS Price at posting: 19.5¢ Sentiment: Buy Disclosure: Held
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Last 0.5¢		Change 0.000(0.00%)		Mkt cap ! $4.026M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	221958	0.4¢

Sellers (Offers)

Price($)	Vol.	No.
0.5¢	4785706	4

View Market Depth

No.	Vol.	Price($)
1	71571	0.040
1	16035	0.039
3	215789	0.038
1	200000	0.037
2	80000	0.036

Price($)	Vol.	No.
0.044	50000	1
0.045	127874	1
0.048	125145	2
0.052	27200	1
0.055	10000	1

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