something’s up!, page-4

Zubana,

I always love a good conspiracy theory, especially one that
follows a path with a logical strategic progression.

One thing that you need to add to the wash is the performance shares that management
were gifted at the last AGM.

They, management (are no different to us) in that they want to get the maximum return.

If they were to dilute to that level, it would be highly unlikely to have these, 8, 12 & 16 c shares ever vest.

So somewhere in the mix this dilution must get the shares to their vesting price for a 30 consecutive days.

Note, they do vest in the event of a take over irrespective of the price (& the recipients still need to be in their respective managerial position) as the shares laspe upon resignation of their position.

So a conspiracy within your conspiracy? Or is this merely the stepping stone to cash flow generation to get Karoo et al on line?

I'll have to have a 2nd & 3rd read, while I drink my Bundy & watch Star Trek. ;)

M