Comments on: Goddard converts his options http://www.rhgshareholders.com/goddard-converts-his-options/ Changing the RHG board Tue, 15 Dec 2009 23:22:38 +1000 http://wordpress.org/?v=2.8.4 hourly 1 By: Warwick W http://www.rhgshareholders.com/goddard-converts-his-options/comment-page-1/#comment-216 Warwick W Thu, 15 Oct 2009 11:30:00 +0000 http://www.rhgshareholders.com/?p=103#comment-216 I think he would not sell for 12 months or he would be liable for capital gains tax on the lot (less 10c a share). I think he would not sell for 12 months or he would be liable for capital gains tax on the lot (less 10c a share).

]]> By: John Court http://www.rhgshareholders.com/goddard-converts-his-options/comment-page-1/#comment-169 John Court Tue, 06 Oct 2009 03:22:11 +0000 http://www.rhgshareholders.com/?p=103#comment-169 So if they are worried enough to go out and acquire a cheap 1.8% of the outstanding capital then they clearly see the vote as closer than they would like already. The ultimate test is after the vote what Glen Goddard does. If there is no change to the board and he sells his shares within 12 months then you can bet there is no return to investors expected and he pockets a nice profit into the bargain. I have decided to start my own company as being a director sounds like a laugh, heck I can read the Corporations Act 2001 as well as anyone else. So if they are worried enough to go out and acquire a cheap 1.8% of the outstanding capital then they clearly see the vote as closer than they would like already. The ultimate test is after the vote what Glen Goddard does. If there is no change to the board and he sells his shares within 12 months then you can bet there is no return to investors expected and he pockets a nice profit into the bargain. I have decided to start my own company as being a director sounds like a laugh, heck I can read the Corporations Act 2001 as well as anyone else.

]]> By: Kim M http://www.rhgshareholders.com/goddard-converts-his-options/comment-page-1/#comment-166 Kim M Fri, 02 Oct 2009 23:24:14 +0000 http://www.rhgshareholders.com/?p=103#comment-166 Hi everyuone maybe Glenn Stoddard is loosing his nerve and realises change is coming. I thaink that directors who dont attend board meetings souldnt get paid. Porbably $10,ooo per meeting so that they would have to attend 10 meetings a yeat to get their lazy $100,00. I could do nothing for $100,00 whish is what the directors are doing. cheers Kim Hi everyuone maybe Glenn Stoddard is loosing his nerve and realises change is coming. I thaink that directors who dont attend board meetings souldnt get paid. Porbably $10,ooo per meeting so that they would have to attend 10 meetings a yeat to get their lazy $100,00. I could do nothing for $100,00 whish is what the directors are doing.
cheers Kim

]]> By: r http://www.rhgshareholders.com/goddard-converts-his-options/comment-page-1/#comment-164 r Wed, 30 Sep 2009 14:28:52 +0000 http://www.rhgshareholders.com/?p=103#comment-164 There is clearly a lot at stake. But it also does represent confidence in the value of the investment, despite the dim picture painted at reporting time - and also speaks volumes about the need to preserve the current arrangement for the existing Board. There is clearly a lot at stake. But it also does represent confidence in the value of the investment, despite the dim picture painted at reporting time – and also speaks volumes about the need to preserve the current arrangement for the existing Board.

]]> By: Doug http://www.rhgshareholders.com/goddard-converts-his-options/comment-page-1/#comment-162 Doug Wed, 30 Sep 2009 09:33:04 +0000 http://www.rhgshareholders.com/?p=103#comment-162 I agree with Mitch although Principles and boards seem to be mutually exclusive!!!! I agree with Mitch although Principles and boards seem to be mutually exclusive!!!!

]]> By: mitch http://www.rhgshareholders.com/goddard-converts-his-options/comment-page-1/#comment-161 mitch Wed, 30 Sep 2009 04:47:52 +0000 http://www.rhgshareholders.com/?p=103#comment-161 i agree they are only in it for themselves and i will hang in there irrespective of the price as there is a principle involved and i applaud what greg and steve are doing. i agree they are only in it for themselves and i will hang in there irrespective of the price as there is a principle involved and i applaud what greg and steve are doing.

]]> By: John http://www.rhgshareholders.com/goddard-converts-his-options/comment-page-1/#comment-159 John Tue, 29 Sep 2009 12:36:11 +0000 http://www.rhgshareholders.com/?p=103#comment-159 There is the possibility that the $600k was given to him by the board expressly for this purpose. There is the possibility that the $600k was given to him by the board expressly for this purpose.

]]> By: Joe W http://www.rhgshareholders.com/goddard-converts-his-options/comment-page-1/#comment-158 Joe W Tue, 29 Sep 2009 11:55:18 +0000 http://www.rhgshareholders.com/?p=103#comment-158 Certainly I think that if you guys get voted on (as I really hope) than I think the first few meetings are going to be fun. How do you as CEO appear impartial after spending 600K just to vote 6 million shares and I assume they are no to you guys. Hopefully the shareholders realize that its important to have some really independent parties at the table. Seeing as management have said that dividends are a way off (For that I personally read never) spending 600K must have some real meaning if its to pay your money when you didn't need to. This must be a very neat club to belong to almost like the three musketeers or sorry four musketeers. No wonder you don't all have to attend board meetings and you only need 4 of them a year. Imagine having bought into this in the prospectus. Even aside from the GFC the treatment seems really that the directors are only in it for their objectives. However we get the leadership we deserve if we don't put a stop to this. Certainly I think that if you guys get voted on (as I really hope) than I think the first few meetings are going to be fun. How do you as CEO appear impartial after spending 600K just to vote 6 million shares and I assume they are no to you guys.

Hopefully the shareholders realize that its important to have some really independent parties at the table.

Seeing as management have said that dividends are a way off (For that I personally read never) spending 600K must have some real meaning if its to pay your money when you didn’t need to.

This must be a very neat club to belong to almost like the three musketeers or sorry four musketeers. No wonder you don’t all have to attend board meetings and you only need 4 of them a year.

Imagine having bought into this in the prospectus. Even aside from the GFC the treatment seems really that the directors are only in it for their objectives. However we get the leadership we deserve if we don’t put a stop to this.

]]> By: Matt http://www.rhgshareholders.com/goddard-converts-his-options/comment-page-1/#comment-157 Matt Tue, 29 Sep 2009 10:33:38 +0000 http://www.rhgshareholders.com/?p=103#comment-157 "Who knows, perhaps he’s planning on voting for Greg and myself at the upcomimg AGM?" hahahah. I like your optimism. One can only hope! “Who knows, perhaps he’s planning on voting for Greg and myself at the upcomimg AGM?” hahahah. I like your optimism. One can only hope!

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