RE: Vested Options15 Nov 2024 12:28
Now I'm not an ENET shareholder, but if I were, I would definitely vote against this resolution & would be encouraging everyone else to do so for the following reason's.
You've just carried out a significant placing at 0.3p per share & shareholders / new investors supported that fund raise & now you think its ok for you to get options with an exercise price of 0.247p !
The company's in this situation thanks to your stupidity & you effectively want rewarded for doing so.
How have you got the time to even be discussing this matter amongst yourselves, your sole focus should be on getting new business & bigger orders from existing clients to save this loss making business & make it profitable & nothing else every single minute of the working day & beyond.
If you had a shred of integrity & decency amongst yourselves then you wouldn't be thinking about rewarding yourselves in anyway at this time. The time to ask to be rewarded is when you've shown the business truly is on the road to success.
You also think Shareholders should give up there pre-emptive rights over the issuance of more shares & trust your judgement when it comes to fund raising, having entered that "Structured Deed" without fully understanding the terms & implications of it !
You should be on TV as a comedy trio
-------------------------
Oh & the calling of this EGM has just added to the overall cost of your total stupidity in signing that "Structured Deed" more money needlessly spent (yes I know it now needs to be done to get approval to issue more shares but that wouldn't have been the case if there was no "Structured Deed" in place with this horrendous terms attached to it in the 1st place.
So that will reduce the working cash that's still left in the business! meaning less time before you currently run out of cash & need to somehow try & raise some, from whom I don't know because you certainly don't respect or value your current shareholders that's for sure. Nevermind getting them a return on there investment, no your all to busy lining your own pockets in the 1st place.
Your a disgrace.
LOTM