Fair call - but frankly the options were way over the top and were the dead giveaway to the fact that it was a raise for mates.
Significant discount. At the bottom. Share price does not retrace to offer price.
Bonus options on top as a sweetener that was not needed. Available to a select few.
Patong received shares and thinks it's fair. Dead give away.
Case closed.
Ann: Notice of Annual General Meeting & Proxy Form, page-6
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