BLKOA - Request for Expiration Date Extension, page-17

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zee9876

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08/10/18

20:38

Post #: 36041873
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Originally posted by Qi15 ↑

Originally posted by Qi15
Zee, I checked up on the structure of managements shares and options and it would seem that their options are "performance vs ASX" and/or "Reserves & resources increased" related. As part of their renumeration the total amount of these rights is about 38 million which is about 9% of all options on issue and about 0.03% of shares on issue. I do not understand or agree with your position on "dilution" as a reason to suppress the heads to forgo the revenue from options exercise that would create much needed cashflow.

Originally posted by Qi15
Zee, I checked up on the structure of managements shares and options and it would seem that their options are "performance vs ASX" and/or "Reserves & resources increased" related. As part of their renumeration the total amount of these rights is about 38 million which is about 9% of all options on issue and about 0.03% of shares on issue. I do not understand or agree with your position on "dilution" as a reason to suppress the heads to forgo the revenue from options exercise that would create much needed cashflow.
Correction to the above - Apologies my maths isn't up to scratch tonight - The Management's shares and options represents only 2.11% of the total amount of shares and options (if options are all exercised) on issue.

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And that’s my point would you rather hold 2% of a company with 1.2b shares or 2% of a company with 1.7b shares. It’s only me thinking loud. Who knows if it has merits. Will only know if asic drops unexpectedly during next year March quarter.

If they want the options in the money prove it extend the expiry till middle of next year.

Last edited by zee9876: 08/10/18

BLK Price at posting: 4.2¢ Sentiment: Hold Disclosure: Held
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