a one bagger?, page-56

Agree with what you say and the re-quoting of Hardmano.....

The big problem is that the options cycle gets harder to break as the share registry changes from mums and dads to SIs and Instos.

Our time for action has passed......we had meaningful voting power a couple of years back and, either through complacency or goodwill, we allowed the first of the low exercise options to get through..not fully realizing what the outcome would do to us;

We obviously needed to get better marketing done and hard yards roadshows...but it is not a necessity for management without proper incentives that require them to aspire to a higher shareprice, because the low exercised options mean that management can maintain their equity on a low SP and at the same time the instos and SIs can still get cheap shares and will have an ever increasingly larger voice, come voting time, to maintain the status quo.

Its a creeping takeover of the equity in the registry....we basically just get dwindled away unless we put up more and more money....

Normally this would not be an issue because the SP would pull back to the CR value or even lower.....but this time is different..... This time management threw in the Risc report at the back-end of a trading halt which benefits the new participants of the new CR and will probably cruel any chance we have at getting the 8.5c...we will have to wait to see if that is correct but if Insaf is right and the gap has been filled then it is more likely the added 20% oil in SNE will see the SP build from here

Instos can keep a lid on the SP easily using their own shares as we have probably been witnessing...

The only good news is that we are really kicking goals now and the raised money when spent is value building, and long-term investors will get a good reward...just not as big a reward, that would have come, if this had been handled better.

Low exercise, non incentivized management options obviously do not work for the long suffering shareholders...