The more I read this, the more distasteful the proposed grant of these options is: - exercise price at 97c; - 5 year expiry; - cashless exercise facility; and - no performance targets.
These options should have an exercise price of $2+ given the lengthy term, progress since Paul Wotton was granted 2 million options with an exercise price at $1.50 in 2017, and availability of a cashless exercise facility where they don't necessarily have to stump up any of their own money.
Every time the share price starts to rise, they find a way to curtail it with greed or incompetence. It's time to DELIVER to EXPECTATION.
I will be voting no to all option resolutions, except that for Darryl Maher who needs to be incentivised given that he's recently joined, carries a significant reputation and has the potential to change the Company's self-entitled culture.
DYOR, IMO only, GLTAH
CYP Price at posting:
81.0¢ Sentiment: Hold Disclosure: Held
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