George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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They have reinvested into the business in the purchase of Amobee, time will tell if that was a good investment, but I believe about a billion has already been invested in that.
If all you have to offer is the strike of their options, why bother posting. Or are you another one of the chosen ones many admirers, who fill this board with SH.. , as it is clear they have an agenda.
So the crooks are panicking so much they are doing another buyback... of course instead of reinvesting into the business and create organic growth, what matters is the strike of their options... strong sell to 0
havealot,
"My small shareholding here was obtained on the Autonomy/Blinkx spinoff all those years ago. "
If you got your holding on Blnx spinoff (renamed rthm then merged with TAP to become trmr) then you would know that there is a long history of placings, questionable events, millions of options, court cases, industry challenges etc.
It's not a surprise that it has continued and is likely to continue.
ie, the Alphonso court case is ongoing..
You would also know that ex-autonomy/blnx execs are in US jail sentenced for fraud or awaiting extradition.
Sushovan Hussain:
https://www.google.com/search?q=sushovan+hussain+jail&oq=sushovan+hussain+jail&aqs=chrome.0.69i59j69i60.6161j0j9&sourceid=chrome&ie=UTF-8
Mike Lynch:
https://www.economist.com/britain/2022/02/05/mike-lynch-has-lost-britains-biggest-fraud-case
ex-Tap ceo:
https://www.investorschronicle.co.uk/shares/2018/12/05/taptica-plunges-as-boss-exits/
Given all the questionable events and history going back to 2007, why is it a surprise, 15yrs later?
Hi all. I do not think that I have posted on this board before, I have had little knowledge to impart on the advertising industry. My small shareholding here was obtained on the Autonomy/Blinkx spinoff all those years ago. However I have been a regular reader of this board during those years even though this investment has been a 'bottom draw' job for me. Nevertheless I had hoped to turn a profit someday. I have enjoyed reading all your comments and I thank you all for your efforts.
As for the current situation, I believe that in all my years of investing that I can recall having observed such blatent 'hands in the till' behavour as that recently by the Tremor management. Some time ago I had vowed to avoid in future investing in companies with Isreali management. This is after some experience, recently with Telit and Playtech. I do not believe the moral standards are quite the same as in the US and UK when it comes to shareholder interests versus that of management. I believe that as an investor one must have trust in the Company's management, but one reason for Trmor's low rating is the general lack of trust. Perhaps the Tremor management might take note of this and of our concerns and offer some money back by forfeiting their salaries for twelve months. But I won't hold my breath. I include the NED's, what are we paying them for.
Hi Gdog, I have made my feelings well clear on executive packages. I have always said they should be earned based on the company, increasing revenue, profitability and the share price.
Not for failure, unfortunately the little fish like ourselves, dont really have a say in this, but, it would not surprise me in the least if Tosca, shroeders etc are having these conversations.
They are well paid anyway, and the company has a history of " jobs for the boys" They really do need to deliver on their promises, which up to now have need, in my opinion, empty and shallow.
Ive been in hospital for best part of a month ( nothing major or life threatening ) but I expected better.
Hey Rusty,
Good to hear from you.
Frankly, I am happy we're listed on the NASDAQ for personal reasons. My only complaint is the pay package they gave themselves for the 'successful IPO', and how poorly management has executed since the IPO. We've not exactly lived up to expectations as outlined by mgt.
its all well and good complaining about the nasdaq listing, But most on here were desperate for it to be listed on nasdaq, as it would take share price to different stratospheres.
it would do, if and its a big if, based on their track record, that they ever delivered.
Then again, the top three paid themselves something like $5 million for the wonderful IPO on the NASDAQ, so 2022 might not be more. But I don't believe they vested options until after April of 2021, so who knows...not me.
They sure earned their Money for the busted IPO, eh?
I just looked. The figures below include salary, bonus and SBC.
I believe it's higher in 2022, but don't have time to find out for sure.
Big Daddy,
You're beginning to sound like me.
Multiply by 1.37 to get their pay package in USD.
I can't recall, but did that number include their already large salaries, or was that merely the SBC?
I went back into FY21 report...
page 68: b. Stock Options: am I right to see that the weighted average exercise price for all the outstanding options (up to the 31st december 2021) is 6.54 USD ? It's "only" 20% below current share price in the US... Schadenfreude if most of these options become out of the money before the exercise date! Do they have an expiration date?
page 34: what a joke these bunch is: The compensation of the Directors in 2021 was as follows (all amounts in GBP – NIS 4.443: GBP 1, USD 1.376: GBP 1):
Ofer Druker 13,538,158
Yaniv Carmi 6,525,916
Sagi Niri 5,189,399
Won’t be surprised if new buyback with no daily caps is announced as well. Shorters running around with pants on fire
Financial engineering by our fearless overpaid leaders.
I wondered why the SP was rising strongly this morning
allowing finnCap in its ultimate discretion to accelerate the deployment of any funds remaining under the existing buyback programme which expires on 1 September 2022.