RE: Strength23 Sep 2019 09:28
Sadly, this is typical behaviour in Aim. Dangle a carrot, get private investors excited, whilst the Directors of the company extract unrealistic and at worst, unsustainable salaries in the process. Dilution is the only option available to them, then the whole process starts again.
Sorry, this isn't aimed at just Solo, it's epidemic and something meaningful to protect investors needs to be done asap. I suggest at the second dilution requirement, investors are invited to look at a more transparent/open strategy of what the company is trying to achieve and we then vote on salary requirements. The Directors need to be held to account!