1. So 13mil options to consultant and if I'm not mistaken potentially more to come. Why dilute shareholders further when they have the cash to cover theses costs?
2. 14,000,000 unquoted options, exercisable at $0.06, expiring 3 years from Issue date 23/06/24 Kevin Macneill being the recipient of 10 of the 14. The options to vest as follows: Tranche 1: 50% at 12-month anniversary from Issue Date (23/06/22); andTranche 2: 50% at 24-month anniversary from Issue Date (23/06/23).
That's good incentive and not unreasonable given the strike price is 20% above the recent high of 0.05. Based on it's trend though the question is can he turn this around in time to vest?
For holders lets hope so..
EQR Price at posting:
2.5¢ Sentiment: None Disclosure: Not Held
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