wow just read it in its entirity seems like a dodgy deal.
The whole premise of the management options is that back when the co started they but their interests in assets held by Carpenter Pacific into MAE and got oppies for it. They had 3 year expiry and they lapsed basically becuase they mismanged the co.
Now they want you to reimburse them a second time for these assets, so essentially sounds like Share holders alone have taken the powedering in the last 3 years.
The banks and directors appear to be using shaqreholders to subsidise their potential losses. I think this whole greed thing is right except following the greed just meaqns your lining their pockets at the expense of your own.
MAE Price at posting:
3.3¢ Sentiment: Sell Disclosure: Not Held
