SPX 7.69% 1.2¢ spenda limited

Ann: Change of Directors' Interest Notices, page-25

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  1. 2,056 Posts.
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    Just thought I would release some of the inmates who have been on my ignore list, just to see if they had anything worthwhile to add. Sadly they haven't.

    What we have here with the share holder approved issuing of options with an exercise price of 8.4c in a little under 4 years is a great outcome for those that hold now.

    This is a performance based incentive.

    For the strugglers it means the BoD need the price of the options to be greater than 8.4c or they get zero $$$ for converting the options. An incentive with a value of 100k to Stephen Dale for every cent over 8.4c and an incentive worth nothing for 8.4c or less.

    Don't forget the BoD are the people running this company, not the buffoons who will try and put a negative spin on every move made by SPX.

    I'm happier being invested in a company issuing options to incentivise those making a difference than in a company that doesn't.




    Last edited by PRD2427: 06/03/22
 
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