Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hi Guys, I have received an AGM voting form for BCB, a constituent of MM's Emerging Companies portfolio. After raising capital three times in the last 20 months at 30, 15 and 9 cents, current share price is .061 cents and now they are putting their hands out for performance rights and options. I don't like this attitude and I'm inclined to say no. What do you think? How will MM vote and why? Cheers, Nick
Hi Nick,
A very tough year or so for BCB as you say and issuing performance rights does leave a bad taste, however, as with everything in investing, it’s important to look forward and think about what comes next i.e. how best to incentivise management to turn the ship around.
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