BMT 0.98% 50.5¢ beamtree holdings limited

Ann: Capital raise and 1H FY21 results - Investor Presentation, page-4

  1. 12,677 Posts.
    lightbulb Created with Sketch. 4850
    "also, SPP on board, they are so nice to the retailers."

    Are you kidding?

    There are around 1,400 shareholders in the company.
    1,400 shareholders who could be putting their hands up for the mere $1m of SPP stock being offered.

    That works out to a little more than $700 (no, not a typo - seven hundred dollars only) per shareholder.

    I'll bet the two directors who received an allocation got more than $700 worth of stock.

    As a shareholder myself, I'm wondering why - if shareholders want to add to their shareholdings - they need to do it at the market price, yet the directors of the company (who, remember, work for shareholders) are privileged enough to be able to do so at a discounted price?

    It's all well and good to get management and directors to be more aligned with the owners of the business, but they way they've gone about this fails good governance standards.

    .

    .
 
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