Spectra Systems Share Discussion Threads

[patviera] 08/9/2016 07:17

What's 140k?

[sonofbanjosinger] 07/9/2016 21:32

Brought into day 140k. Been a bit quiet here for too long. Plenty cash on the books etc etc we all know the story.

[patviera] 07/9/2016 17:33

Or another increase in remuneration for mr lawandy!

[dcarn] 07/9/2016 16:51

Must be news of the first multi-million dollar Aeris deal about to break.

[patviera] 07/9/2016 16:33

Can sell 500k on line and only buy 7500Wtf is going on ?

[patviera] 07/9/2016 12:51

cheap stock fft
i have a 90p tgt

[fft] 07/9/2016 11:59

Over 10 weeks since the last comment. And we have the first noticeable rise in that time.Maybe there is life in this stock yet !!

[patviera] 25/6/2016 09:36

AllypThe options were awarded this year so maybe we have to wait until the next report and accounts?

[allyp] 24/6/2016 23:07

Directors’ share options
At December 31, 2015, Directors had options or warrants to purchase ordinary shares under the Company’s stock option plan
as follows:
Options held Weighted average Options vested
at December 31,2015 exercise price at December 31,2015
N.M. Lawandy 2,449,229 $0.69 2,374,229
B. Penn 120,000 0.60 120,000
O. Salam 125,000 0.62 125,000
M. Jaskel 120,000 0.60 120,000
R. Puton 128,000 0.62 128,000
D. Stanford 120,000 0.60 120,000
3,062,229 $0.67 2,987,229

In 2014 report:
N. Lawandy 2,449,229 $0.69 2,374,229
B. Penn 120,000 0.60 120,000
O. Salam 129,000 0.63 129,000
M. Jaskel 120,000 0.60 120,000
R. Puton 133,000 0.63 133,000
D. Stanford 120,000 0.60 120,000
3,071,229 $0.67 2,996,229

So he hasn't been awarded any last year?

edit: sorry don't know how to format the numbers correctly

[patviera] 24/6/2016 20:32

RainmakerReport and accounts out on websiteGrant option prices mentioned?

[patviera] 08/6/2016 15:36

I suppose no surprise now the exercise price has been setRainmakerWhere art though?

[pj 1] 08/6/2016 15:09

Buying kicking in suddenly L2 looks good

[patviera] 04/6/2016 10:33

Not revealing details of options is not acting in the best interests of shareholders

[muffster] 03/6/2016 05:21

Need to write to chief executive of Aim.

[muffster] 03/6/2016 05:20

Alsohttp://www.thetimes.co.uk/article/were-no-dodgy-casino-says-aim-chief-c363pwmg8

[fft] 03/6/2016 02:20

Pat,Yes, that isn't frivolous given the size of the options package. Of course, you will probably lose the vote but it will give great/embarrassing exposure to SPSY management, and may even get some press. It would be interesting to see the reaction :-)I can put you in touch with sharesoc if you want to proceed. They can help with drafting the motion and making sure the paperwork is OK. LTIP's with very undemanding targets are the kind of thing they are very keen on exposing at the moment.

[patviera] 02/6/2016 22:33

Thanks pjSo I could propose that the conditions attached to the recent grant of options be made public?

[pj 1] 02/6/2016 20:48

Members' power to require directors to call general meetings (sec303 - sec304)
The directors must call a general meeting if so requested by the holders of 5% of the voting shares (or 5% of the voting rights if there are no shares). (The figure was reduced from 10% to 5% by the Companies (Shareholders' Rights) Regulations 2009 (S.I. 2009/1632), reg. 4(2).
The request for the meeting must state the general nature of the business to be dealt with and may include the text of a resolution to be moved at the meeting (provided the resolution would not be ineffective (e.g. under the Act or because contrary to the company's articles, etc., and provided it is not defamatory, frivolous or vexatious).
If the request is properly made, the directors must within 21 days call the meeting for a date not more than 28 days after the date of the notice calling the meeting. If the request included a proposed resolution, that must be included in the notice, which will then be part of the business that can be conducted at the meeting. (If it is a special resolution, the notice of the meeting must say so, in accordance with sec283, above.)

[patviera] 02/6/2016 17:37

Just spoken to my friend who invests in many Aim companiesHe tells me that spsy must be trying to hide somethingWhy would they not out the conditions of the options in the report and accounts?Then I told him the CEO was on 500k and he said say no moreIf the conditions aren't in the report and accounts I will be taking it furtherDoes anyone here know the percentage needed for an EGM?I hold 6pct is this enough to hold egm? If it is has anyone any thoughts about brining this into the public arena?Why should directors be rewarded for failure?

[patviera] 02/6/2016 08:37

Problem is the remuneration committee set the conditions attached to the grant of optionsThe same people that grant Nabil 500k pa!!Hmmmmm25p exercise priceMay as well just pay out our cash balance and give it all to the directors!!Aim should be forcing spsy to tell us exactly what the conditions of the options areSection 5h says that should be the caseNo wonder this American company listed on Aim!!Disgrace really..no regard for shareholdersLook at dwha they have never issued options and the directors earn 125k paNabil is on 500k and his exercise price on options is just above cash !! And the shares have fallen from 100p to 25p with him there!!Reward for failure!!Opportunistic

[patviera] 01/6/2016 16:38

RainmakerCEO on 500kAnd they issue him options with an exercise price where the current market price is!!Wow..total disregard for us shareholdersNo wonder there is no detail..there would be shareholder uproarBut what would they careThey run it like a private co anywayDisgrace ShamefulEverything that gives AIM a v bad name

[patviera] 31/5/2016 13:50

Illegal not to announce conditions on existing options Not sure if they have but I will be reading the report and accountsNot happy as this board was in place when our shares fell from 100p to 25pSo this option grant is an award for failure 500k not enough for our CEOThis is outrageous

[patviera] 31/5/2016 08:16

RainmakerIs it not bad practice to issue options at current market price?Shouldn't the hurdle have been set higher?7Is it normal to not mention the conditions? Will it be in annual report and accounts?

[patviera] 31/5/2016 08:05

to promote the retention of those individuals.Is 500k not going to retain the CEO?That's got to be the highest salary on Aim so why the hell do they feel they need to issue more options to retain!!Shocking really and this gives Aim a terrible name

[patviera] 31/5/2016 07:51

This looks like a reward for failure!!And I wonder if the old options have more lenient conditions? Nothing would surprise me with this greedy lot