191m options if listed wld. possibly have a mkt. val. of 20 cts each ie a total value of $382,000 .
Total management emoluments in y/e was $ 614,176. This v. low for our now much bigger company
It makes sense to reward management with options rather than cash that we dont have too much of.
Ann: Proposed issue of securities - NWE, page-12
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