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Re: SCAMBUSTERKING post# 25976

Wednesday, 11/05/2025 7:22:18 AM

Wednesday, November 05, 2025 7:22:18 AM

Post# of 26047
Thanks for sharing, I needed a good laugh 
I will let others do their own due diligence on the proposed business model, legality or otherwise of the share scheme and capability and past track records of management to deliver 
Even without those fundamental points the quarterly report as a stand alone document would make a great case study for first year business studies students on how to destroy the share price of a startup before you've even started :
Award the three members of the management annual salaries significantly in excess of the salaries I am used to seeing at music platform startups at $6m, $2m and $2.5m per annum respectively and as a result immediately create huge negative net assets on the company opening balance sheet and create a barrier to achieving profits for ordinary shareholders in later years even if the platform itself is successful.
Then to make it even worse for ordinary shareholders award each of the three members of the management team two full years worth of salaries for the seven month and one week period from November 25,2024 (when the current management assumed operational control of the company) through to the June 30, 2025 balance sheet date. 
Issue the CEO a J class preference share which gives him 80% of voting rights into perpetuity 
To further dilute down ordinary shareholders add clauses to the compensation structure of management giving the 3 managers 65% of all future net profits, in perpetuity, payable on an annual recurring basis ( at 50%, 10% and 5% respectively) 
I've read enough I won't be investing personally 



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