I am confused.
"Axiom Mining Limited (‘Axiom’ or ‘the Company’) intends to make a Loyalty Bonus Option Issue (‘Bonus Issue’). Eligible shareholders holding 125,000 or more fully paid ordinary shares in the Company at the Record Date will be issued one free loyalty bonus option (‘the Option’) for every eight ordinary shares held. "
"Loyatly" IMO has nothing to do with the amount of shares you hold?
Why does it matter f you have 1000 shares or 200000?
IMO "loyalty" should be based on the Shareholders who have been on the register for a particular time????
Am I missing something- This looks like a bonus for the wealthy???
am I going crazy?
dyor this is just my take on announcement
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- Ann: Axiom Mining Loyalty Bonus Issue
Ann: Axiom Mining Loyalty Bonus Issue, page-9
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