Ann: Change of Director's Interest Notice, page-29

Let's do some calculation:

Funds needed for TK to exercise his options:
10,000,000 options @ $0.1 = $1,000,000
5,000,000 options @ $0.05 = $250,000
5,000,000 options @ $0.025 = $125,000
Total = $1,375,000
Capital gains tax incurred at the time of exercise of options = 49% of $1,375,000 = $673,750
Grand total = $1,375,000 + $673,750 = $2,045,750

Funds raised by TK to cover the purchase
Sold 10,000,000 shares @ $0.15 = $1,500,000

So TK still coughed up a net of $545,750, so not exactly free carrying as some here claims?

And how much does he get paid by RAP? $400,000 p.a??

So to be fair, I'm not sure how anyone can expect him not to sell some of his shares to cover the funding shortfall......Can anyone suggest a reasonable alternative solution for TK to help him pay for these options??

P.S. Yes Salubrious, looks familiar, doesn't it. Directors of PCK had to do to same to fund the exercising of options and cover CGT liability last year.