Post by
MrInvest on Jun 14, 2024 5:00pm
Get Your Vote In
Well the material for the AGM is out. All 118 pages have been read/scanned. For those who have been complaining, now is your chance to potentially make change. I was surprised to see how many of the board members do not hold shares personally, that would explain the lack of insider trading....hahah they don't have shares to trade! That's not a great vote of confidence to the board members.
Comment by
Arvid77 on Jun 14, 2024 7:59pm
There are a number of new board members who have been granted stock options, but have not vested and not been acted on yet. That's how they attract talent without blowing through cash.
Comment by
MrInvest on Jun 17, 2024 2:42pm
I feel that 10% of the shares outstanding (up to 11 million shares) to be owned FOR FREE by insiders is a lot for the shareholders to put out there in terms of equity. If it was being used as company matched etc I might be more willing to approve that. They are giving away TOO MUCH for rock bottom prices. Make your own decisions, but I voted no to the plan.
Comment by
Arvid77 on Jun 17, 2024 3:44pm
They still have to pay for the shares, they just potentially get a sweetheart deal on the price. Not free.
Comment by
MrInvest on Jun 17, 2024 4:12pm
At these prices, it's essentially free equity at rock bottom prices. If that plan passes, there will be a lot of shares bought at these low prices to pay future incentives. That is not in the best interests of the shareholders.
Comment by
TheWokeLemming on Jun 17, 2024 6:52pm
I'll be voting NO with every voting share. Price is being driven down for these greedy SOBs.