question12 Jul 2019 12:53
so what are the bod doing on a day to day basis to justify there extremely well paid wage? apparently nothing new happening at lydsey , brock for sale sign is being put up, applications sent off at balcombe and nothing happening at new gas acquisition for now. maybe there is a case for a question investors should be considering now what the bod have achieved, the progress angus has made over the past 12 mths taking into account the deliverance on promises/expectations, income/production we should review how much and in what way the bod are paid. the idea the the cash call/dilutions/loans LTH have had to endure ALL to achieve exactly what???? I think the bods wages should be connected directly to the previous years sp average performance so if LTH have to suffer financially so do the bod financially if a wage of e.g 100k a year is agreed an the sp falls 90% they are paid just 10k a year all in shares paid monthly alternatively if the sp rises 90% they are offered 190k. so in effect if the investors do well financially so do the bod. the bod making wild speculative claims just to justify there existence to primarily accumulate wealth from investors and not as they claim from good business practices/fortunes. GL really needs to put his money where his mouth is an really has to prove he his not like the rest an is genuine. if GL really think its acceptable for investors to take a 90% loss he should try it for himself. he wants a fresh start he wants investors to trust him he genuinely thinks angus has a future he needs to take the hit.so do the rest of the bod if not they should go asap an good riddance to them.