Ann: Withdrawal of Resolutions , page-10

My take is that is should be a slight positive.

With all things being equal, the results should pretty much dictate the SP, so that will take care of itself and will be neutral with regards to management incentives.

My argument for the slight positive is in the negotiation of any agreement with any 3rd party. Management will now have more incentive to strike the best deal because they have less stock than what they would of had with the incentives.

Simple really.

Crazy thing is I would have voted yes to the incentives if the SP target was at least $1.50. A very poor management decision in itself that has hurt not only themselves but the trust with shareholders. To repair that let's have some outstanding management over the next 6 months and get the best outcome for all involved.