As has frequently been pointed out, Rowe and colleagues will get $138000 worth of on-market purchased units as part of year 1 salary from funds held in trust under Art 8.2 of PDS. As there have been no advices of Director shareholdings, it seems reasonable to assume this will happen one year from float (ie June 09). At current price this would give them 138 million shares or around 40pc of Company and a $138m liability. It would surely be unthinkable that they would refuse to accept shares in their company after forcing the public to pay up on the latter's obligations? Am I misreading the PDS?
BCS Price at posting:
0.0¢ Sentiment: Sell Disclosure: Not Held
