Ann: FOD reaffirms $40M FY20 guidance, page-21

The CEO's option structure won't be finalised until "on or before 31st July 2020". At this point, he will have exposure to 40 mln options. Given my short term px target from my earlier post today of 11 cents and 32 cents for the 12 months;

@ 11 cents the CEO's options are worth $4.4mln
@ 33 cents the CEO's options will be worth $13.2mln

This CEO is HIGHLY leveraged to the performance of the company and the share price. Between now and the structure being confirmed I wouldn't expect any additional news. It also explains why today's announcement was such a dog's breakfast. He is incentivised to be working from a very low base. Post the structure being set I would expect significant improvements.

I need to do some more work on this, however, this option structure could in itself be the catalyst to see this business and share price rerate higher.