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They surely have to provide some sort of update ?ffs
Battersea... we aren't invited. Inner circle only. Apparently us lowly PIs will be invited to some sort of garden party later in the year, tba.
Rumour has it that Steve Flavell has been rubbing his hands so vigorously for 2pm that the London Fire Brigade have had to be called to LoopUp HQ
Any news from the AGM? I searched for a link but seems no one was encouraged to attend not even via Zoom or Teams.
Spot on are they alive !
I watched a movie once and I can't remember the name of it
Rich people were paying huge sums of money to be sort of cryogenically frozen so that they could then be unfrozen several hundred years later and enjoy all the technological advancements
Could Steve Flavell be considering this?
If he comes back in 300 years the options/ share price might have gone up. It wouldn't make much difference to us given the current silence but it might line his pockets even more
Kirk6 on ADVFN:
"Will there be any feedback from AGM, Primary reason would be to ensure we have a living, breathing board of directors"
lol
RichWG - just read your old post, absolutely what I've been saying recently and very well put by you.
"Assuming the recent and ongoing increase in senior management and technical appointments include for a share option incentive package, then a low share price is beneficial until all posts are filled. Typically share options are based on salary. Assuming a salary of £75k and share price of 75p then that would give an option of 100,000 shares in typically 3 years time. If in 3 years the sp is £2.75 then exercising the option gives a profit of £200k which should ensure focus and retention of staff.
If current share price was £2, then option would be for only 37,500 shares. In 3 years if sp is again £2.75 then profit is £28.5k, not too great an incentive over 3 years.
So maybe loopup reporting, is to ensure shares will remain depressed until all new appointments are filled. Just a Thought?"
Just what I think, a look at the history of the company since listing provides clear evidence that this is important to them and could net in excess of £1m for some if the price gets back to previous level.
I don't think some PI's realise what is going on here, I'm all for incentives but there should be a reasonable achievement bar to reach, and it should not be dropped as it does not incentivise anyone.
See my post of 1st Feb 21.
I thought then it was a case of ' feathering the nests' of the senior staff that were/are being recruited with lucrative share option schemes, which could only be achieved by maintaining a low SP.
You might be able to retire on Loop if you wait long enough - not today though another days work for you and the rest of us.
This company, for all my justified criticism, offers massive potential for a major rerate and I really believe when our BoD and major shareholder want the SP to rise "it will". I suspect it will be after the share option scheme has launched and the staff are comfortably bedded into the scheme.
Frustrating, but that's AIM.
are you moving on big bigsmoke?
... better scoot and earn a crust... i aint going to retire on LOOP shares..