Shareholder Action, page-56

If you have a similar experienced board to fill the position then maybe worth considering but otherwise not. 

I’m not totally against the employees being able to participate in the raise/loan. The mining industry has been booming and I’m sure they have had plenty of offers to join other outfits so I think it’s a good way to incentivize them staying around. 

What i (and I’m sure everyone here) do have a problem with the proposed raise price. I thought at most you were allowed to discount was 20% not 50%+