Ann: Employee Incentive Share Plan Issue, page-8

  1. 467 Posts.
    lightbulb Created with Sketch. 78
    Sorry can't edit my previous post,

    But does it mean, they can sell the shares and will receive anything over 5.2c, however they can take a loan from the company to pay for the shares they sell.

    E.G John V sells 1 million shares at 5.5c, he can take a loan to pay for the $52 000 he has to pay ZEO, but can pocket $3000, however he can borrow $52000 interest free from the company to pay for the shares.

    Trying to find out what the rules are for being allowed to sell etc.

 
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