I am sure all the longs are busy reading the volumes of information released by GXY this morning - especially the Annual Report for clues on the underlying drivers of the business.
Whilst not a big one, but surely something that could see a slight "push" on the share price is this little extract:
Essentially, 13 or 14 executives have 36,890,600 reasons for the share price to be at or above $2.78 before 14 June 2020 otherwise these options expire worthless.
I know it's not a big deal in the scheme of things, but all those considering whether the Directors & executives don't have "skin in the game" to drive the share price forward probably don't appreciate how much this low share price is affecting their own personal wealth.
I am sure there's a lot more to digest in reading the annual report, but that was my first stand-out point following a quick perusal.
Enjoy the hours of reading whilst in isolation..... I know I will.
GXY Price at posting:
78.0¢ Sentiment: None Disclosure: Held
