Ann: Board Update, page-2

So, about 250k of stock were issued as fully paid stock? So, that would be around $5000 at an issue price of 2c. This is when the market price is around 1c. when these shares were issued:

"Fully paid ordinary shares to be issued to an employee of the Company in lieu of a portion of his remuneration"

If I get this right, BEX says to the employee in question: Here's $5000 worth in shares, but when you sell them they are only around $2500.

This is kind a neat, paying $5000 in lieu with stock while using $2500, or perhaps not even that, since no money was transferred or paid for them, just a modicum of shareholder dilution.

Perhaps I got this all wrong ... and stand to be corrected.