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ET
Perhaps I should remind you of the example you gave of directors who have large shareholdings in the company's they manage.
Namely, one not that far from where you are sitting, comparatively wise anyway.
That one who is lauded by some but now appears to be losing that Teflon quality, along with a number of models, cars that is not the other variant. The man who promised his followers 60% of the market, for a while at least, the man who boasted they are the world leaders, but only in two camera DMS, the man who promised a retrofit Fleet solution but needed 200 million króna to do it, only for the Fleet product to go, for now at least, the way of the car models, as the money was needed to replace the missing models money. The man who promised Aviation domination when they can't do safety Auto DMS and Aviation is twice as hard. The man who practices his party trick, keeping up all those plates, whilst posting another self congratulatory piece on LinkedIn, this is the man you'd prefer to run SEE, who despite all its issues, does not deserve to be run by a man like that!
Sharesplease,
He did not buy them with his own cash atleast the majority of them? He got freebees.
The Downside.
We all thought it was great when Nick bought shares at the fund raise, but what happens if an RSN comes out telling us Nick has sold his holding ?.
I would also remind you Ken had a substantial holding, did it make him a better CEO.
I think everyone would like to see that but if he is stating a license deal is imminent he is in a closed period and cannot buy any.
This is the only thing about this share that scares me. I hope this isn't the case. Paul seems like a geniune person but I would like him to buy shares from his own pocket. His skin needs to be in the game just like ours.
Smokey2,
Management and boards who own large pieces of the business make better long-term decisions. In particular I like to see the management and board owning at least 20% of the business. I prefer to see a significant portion of the CEO’s net worth in the company’s stock. It’s even better if he or she purchased their entire position (i.e. it wasn’t given to them in the form of options or RSU’s). You want to see significant skin in the game.
Never invest in a business whose management doesn’t have to live with the consequences of their decisions.
Low salaries are equally important. Frugality is also woven into this. Bob Kierlin co-founder of Fastenal and Ken Iverson of Nucor had the lowest salaries in their industry, and they outperformed everyone in their industry. I’ve always enjoyed venture capitalist Peter Thiel’s thoughts on executive compensation of startups. I think it relates well to microcap companies. Thiel likes to see low executive compensation because it sets the ceiling for the rest of the organization. No one can be greedy and ask for more than the CEO.
When you are investing in public companies, executive compensation is public knowledge. When times get tough for small companies, and they always do, optics matter. A friend of mine said it best, “Looking rich at the wrong time can be a disaster”. If management gets paid an exorbitant amount, employees will know it. When employees also have to walk by the CEO’s brand new Mercedes parked out front, they aren’t going to work as hard. “He or She is rich, let them deal with it” seeps into the culture of the company.
https://microcapclub.com/2018/05/invest-in-owner-management/
It's a performance related bonus.
I hope SEE performs, the SP gets a permanent boost to above 6.1p and Paul McGlone gets his shares.
But he needs to get his skates on and start focusing on finalising contracts rather than all the media interviews.
If you want to attract new institutional investors Paul get some new big $$ contracts signed.
Agree 90% OldFool.
However, with the SP needing a rise of 50% now to hit the target of 6.1p over the thirty days to end June, I think it unlikely at present that PMG will get his free shares this year. Better luck next year and of this I have no doubt he will get them.
The more you reply to the drips the more they post. Just put them on filter, the SP is bad enough as it is without reading spiv trader posts. Time you people wised up to their antics
If this share goes below 4p again I will be buying more as I am 100% confident that PM will get his free shares.
HAGD - is that a promise that you will sell all when it reaches 4.83p I recall was your average or are you going to do a Baxter and not sell at 4.40p as he stated. Because Mrs Bsapt is getting fed up of your lots broken promises... and here you lot are moaning about the BOD broken promises. At least with the BOD if they pull it off they will make ppl here filthy rich. Rather than your lots whinging constantly when the sp is down.
re my last Baxter1 , we will be out of this donkey as soon as ( hopefully ) when it regains our average if not we will continue to moan and remember other holders that the begging bowl is getting ever so close , the only good thing is it gives me a platform to share my tips for the Cheltenam Festival , Mrs B GOOD and myself are having a overnight in the Sheraton Grand , Edinburgh next week and with a little luck and good fortune we will get some news regarding tips for the Musselburgh race meeting next Wednesday and Thursday , it make us so happy to leave the course with our pockets bulging with wonga , as always have A GOOD day
Substantially because I don’t believe a word McGlone comes out with. 6 years wasted in this. I will retain a smaller holding in the slight hope it might come good. But it’s now in hope and not expectation. I only wish I’d binned a long time ago