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2.5¢ phoslock environmental technologies limited

Ann: Appendix 3B, page-3

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chand

3,675 Posts.

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25/09/19

11:31

Post #: 40563782
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Originally posted by Mickem ↑

Hi All
surprised no comments released on these options. without comments from the company i'm not happy with this.
first point with the it being likely to raise $13m over the next 9 months no real need for a placement or cap raising but the end result is likely to be the same.
these performance options , are they for pass performance or future ? what are the vesting conditions ? are there sales targets or profit targets attached ? if no targets attached then this is poor in my eyes. to me its a free hit. if i was to be given 1m options with no targets etc then nothing to stop me selling 1m shares at todays prices knowing if the sp goes down a don't need to buy the options so in front, if the sp goes up i can then benefit buying the options at the cheaper price of $1.35. so if no targets attached there is no risk

thanks
mickem

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Hope it is not the start of gravy train ride!! The company must state the rationale behind issuing these options.

PET Price at posting: $1.38 Sentiment: Buy Disclosure: Held
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