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Originally posted by creditdumbness:
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Just to reiterate for people new to this stock, this is what was written in the report:"Equity participation is a cost effective and efficient incentive given the Group's pre-production status The Group believes that encouraging its executives and employees to become shareholders is the best way of aligning their interest to those of its shareholders. In addition, equity participation is a cost effective and efficient incentive as compared to cash bonuses or increased remuneration, particularly given the Group's pre-production status. Accordingly, all executives and employees are entitled to participate in the Group's equity incentive scheme."
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the market cap of this company is $10m. if any of the directors were to buy $1m worth that would be 10% of the company. would his order to filled? the daily volume struggles to hit 1m shares daily. would that be an incentive for any of the executives to purchase more or that would simply act as a share price manipulation?
(20min delay)