WFL 6.90% 15.5¢ wellfully limited

moving the goal posts

  1. 1,285 Posts.
    Is it lack or foresite or lack of performance:

    "The Company now seeks approval to extend the milestone periods for a further two years, that is
    the new milestone period for the B Class shares is 3.5 years from the date of issue and the new
    milestone period for the C Class Shares is 4 years from the date of issue."

    At last years AGM they were hoping to have at least one company licence their technology, now one year later are we really any closer? - not if they want to extend the reward period by 2 years.

    The commercial reality
    Rewards were put in place to encourage performance. They haven't met these targets, so they shouldn't be rewarded. This is a poor show trying to move the goal posts. They may have excuses why they didn't meet these targets, but this is business, it is not the problem of shareholders.
 
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