Ann: Half Year Review of Operations and Update, page-32

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Mossberg

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05/03/18

13:16

Post #: 31529326
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Originally posted by djwally ↑

You bed-wetters really need to do some research outside of just reading HC. You make out of context allegations on the salaries of Kalina staff constantly. The fact is that they are all paid on the low side and they are incentivised through options. Alwyn is no different. He received a chunk of options at a five cent strike price about a year or so ago. It just so happened that the timing for when the company had to report these, were when the SP was around 15c from memory. So as a non-cash accounting entry, Alwyn received about "$250K worth" of shares. However unless he sold them straight away those shares are worth about $65K now. So this artificial salary of $340K he is nowhere near what it seems. So please cease propogating these factually incorrect and defamatory statements around staff at the company. From what i can tell, they are all extremely hard working and modestly paid individuals who can see a large payday when the contracts they are working on landing actually drop.

Out of interest the Tranche 1 options expire June 2018 at 11c. One would think Ross and co are pretty incentivised to try and get something through by then as there are nearly 22,000,000 of them!

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Options are a part of the remuneration package and should be assessed as such. Their value now is irrelevant, their value at the time they were awarded is what matters as that’s when their value was calculated for the purpose of Alwyns remuneration

Alwyn is remunerated modestly? I challenge you to find a company secretary anywhere on the ASX of a similarly sized company that earns anywhere near as much. Make sure you include options though. Those things are not monopoly money

KPO Price at posting: 4.1¢ Sentiment: None Disclosure: Not Held
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