Ralom,
Unfortunately the director loans were the best chance of getting a message through that they should be working for all of us, not just themselves and big interests.
Despite what the smartypants on this forum claim, the raiding of the balance sheet for personal options conversion was a terrible look and some really strong shareholder activisim almost nipped it in the bud.
They were forced to get the office girl to ring around event tiny 5000-held shareholders to urge a yes vote. Hardly best practice, yet these guys took their bees dick yes vote and still proclaim they can do no wrong.
Quality management would take that on board and seek to engage with the smaller holders. This has not happened. In fact the opposite.
A first strike will be harder to achieve than the no vote to loans. But it is doable. People need to think long and hard about how their votes were manipulated to achieve a result that benefitted a select few.
We now wait to see if there's any share price movement until 12 months after the options issue. Or indeed if we are forced to vote back a director just to ensure they don't dump on market with no oversight.
I want these guys to succeed, but I want more transparancy.
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