Great post Harry... perfect analogy! I'm with you Oz.... I would...

Great post Harry... perfect analogy!

I'm with you Oz.... I would be more than happy to see a T/O Offer for anything above $0.055 cents.

FWIW I've been re-reading the AGM resolutions & criteria for PB's Performance Rights Issue. To his defence it's not his fault he's being entitled to 18,823,529 shares .... it's the Board who are recommending the MAXIMUM entitlement equal to 60%. So 2 things here.... why are the Board recommending the maximum 60% of his Base Remuneration grant? I mean who gets a 60% bonus (or Long Term Incentive)from there employer for doing what they ought? Hang on, I'll just go and ask my boss if I can receive a 60% long Term Incentive Initiative..... nope wasn't well received!
Anyway Phil could refuse the 60% and be humble & modest and accept 20%. Haha, as if!

Of interest too is how this is measured to by the Peer group of companies as mentioned... it's too hard for me to work out how the collective group are performing share price wise. But it all adds up to one of two things IMO..... a share consolidation or a Take Over offer. I'll go the former.

Anyone going to the AGM who would be willing to ask the question?

Rgds

nzrugby