Two posts and hold no stock. Interesting. I encourage investors to read the notes to the AGM and make up their own minds re the structure. There is a bit of reading there and includes reference t services already rendered and structure of the deal. It actually is like an option structurally and the Black Scholes model is used to calculate.
I wasn't clear when I mentioned that “notwithstanding the above, it is always a good thing for Directors to buy stock on market.” What I meant was supporting your lines of your thinking in the prior post, that in any case, we do like and want to see Directors actually buying stock on market. This is not the case here and I am not suggesting that this deal is that. So we are 100% in agreement on that one.
I also agree that the optics are not great on first pass - but there is more to this.
I will leave you with your own comment in para 2 "If he’s content to be issued shares in compensation then I agree that it’s a reasonable agreement"
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