Read the IPO prospectus/disclosure document lodged with the ASX 16/05/2006
1. The issue of the options was clearly outlined in this document before the company even listed. The options were a loyalty option program, a very common attachment to IPOs at the time.
2. The full details of the option issued were then outlined in the disclosure document lodged with the ASX 13/07/06. As per this document ALL shareholders on the record date 28/07/06 were entitled to take part in the option issue on a 1 for 1 entitlement.
2. Rod WAS NOT a director at the time of the IPO or option issue
3. He was a major shareholder from the time of the IPO
4. The only options he would have been entitled to from the underwrite, are options that other shareholders did not take up their entitlement of. In other words options other shareholders did not want.
That is all I am going to say on the matter, but this is all on public record for anyone who wants to take the time to look, instead of dreaming up half truths and conspiracy theories
GGG Price at posting:
56.0¢ Sentiment: LT Buy Disclosure: Held
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