10-10-2014, 06:52 PM
The main worry is this. The value we attribute to Linc Energy assets do not appear to be in tandem with what Linc Energy is valuing their own assets. Carmichael Royalty is the first exemplification of this. And investors fear that more cheap sales may be in the works if the company is desperate for cash.
While Boon does have a point that Linc's assets are still worth 'a lot', this amount is really not tangible enough. Investors dont think that there is a solid price to it, yet.
And I personally do not like the fact that Bond collects >2.25 million in salary and 28% of it come from a sign-on bonus for his new contract as executive chairman instead of CEO. Company not making money and he is still taking a huge amount of money.
While Boon does have a point that Linc's assets are still worth 'a lot', this amount is really not tangible enough. Investors dont think that there is a solid price to it, yet.
And I personally do not like the fact that Bond collects >2.25 million in salary and 28% of it come from a sign-on bonus for his new contract as executive chairman instead of CEO. Company not making money and he is still taking a huge amount of money.
It’s good to have money and the things that money can buy, but it’s good, too, to check up once in a while and make sure that you haven’t lost the things that money can’t buy. –George Lorimer