the complete idiot’s guide to the election., page-35

Bob,

The details of John Heugh's remuneration package may be public knowkedge but I have been unable to find the details of his options package. If you have seen that somewhere, or have access to it, I would appreciate you making it public.

You said (in relation to a possible Cottee options package): "Lets just say 150 million now that would be an obscene amount of oppies wouldnt you agree."

No, Bob, that is not obscene - all you have quoted is a large number - and then claimed it to be obscene ... ANY options package has FIVE primary criteria:

1. The strike Price of the Options
2. The expiry date/s of the Options
3. The quantity of the options
4. The vesting date of the options
5. The current share price

So, lets say Cottee was given 150 million options (your number); which expired, in equal parts (30 million every year), in June 2013, and on the anniversay for the following 4 years.

If the strike prices were: 50c, $1, $2, $5, $10 and they expired (in equal parts) on the anniversay of their grant date (say June 2012) then I would have no problem with that.

If the CTP share price was 51c, $1.10, $2.20 $5.5 and $11 on the anniversaries, and Cottee chose to exercise his options, then he would make some money but shareholders would be laughing all the way to the bank ... don't you agree ?

By the way, the exercise of the options would result in many millions flowing into CTPs coffers ... its like