Ann: Change of Directors' Interest Notices, page-28

Sorry @Steini but yourself and @PRD2427 are stuck in fantasy land. Here you are sledging the maths skills of others, yet you think free options way ‘out of the money’ is bullish, whilst ignoring the simple fact the BoD have overlooked a SP that has fallen 50% in less than 2 months and 90% since its all time high. If the SP doesn’t get above this mark in four years (!), the BoD simply won’t convert these and they will lapse. None of them will be out of pocket. How about they put their hands into their wallet and start buying millions of shares on market?

As for PRD, if it’s “a performance based incentive” and therefore getting the SP back over 8.4c would indicate “performance”, what does he call the recent SP action? Is the BoD not going to be ‘incentivised’ to drive the company forwards without these extra options?

There’s nothing wrong with liking the company and wanting it to succeed, but spinning this stuff as though it’s great news for holders is ridiculous. Thankfully by now I think most have woken up to whether value for shareholders is really being created here.