The loans WC is rattling on about, I assume are the company’s Incentive Share Plan (which has been approved by SH’s) and any issuance to a BOD member needs to be approved again by SH’s. Mind you, the ISP requires participants to pay for all shares issued under it so, the only leverage that’s offered is time & considering the timing of those issuances, most would be underwater anyway....hence BOD particpants needing to deliver SP uplift to deliver any actual gain...I'm more than happy to see this form of incentivised approach, where SH's obtain a BOD that working for them & Company gets paid for the shares if/when the loan is paid out.
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