Quoting page 14 of 08 Report:The value of the equity incentive...

Quoting page 14 of 08 Report:
The value of the equity incentive for each qualifying member of staff is calculated by the method described, reviewed by the Remuneration and Nominations Committee and used to secure options over un-issued ordinary shares, at an issue price equal to the Company’s share price on the grant date, normally on 30 June". End of Quote


Are we surprise that a caped BTA sp at 30 June will maximise the number of options to Peter Cook? In the 08 FY report, shareholders were surprised to learn the idiot Peter Cook suspended the shares buyback in May and breached its duty to inform the market. In fact, BTA misled the market in the 30 May 08 announcement to the ASX declaring the shares bought back as for the month of May and less than truthful for not stating it was only for shares bought up to 15 May and it had suspended the shares buyback. Is it a coincident that continuing the share buyback could possibly drive the 30 June sp upwards; a lower sp = maximum options?

Again is it a coincident that Peter Cook is talking down the sp now?


In the 2006 Results, on page 16, Peter Cook claimed this as his MAJOR achievement:
“The very successful SPP during Oct/Nov in which an additional $31 million of funding was made available by our shareholders to provide working capital and secure our position in the litigation with GSK”.

Portable Alpha, Peter Cook is such a low life that he has the gall to claim credit for the mum and dad shareholders’ contribution to the GSK litigation as his (Peter Idiot’s) MAJOR achievement. This is most ironic as the litigation would have been a major success, a net $80 million profit had the idiot Peter Cook not refused the $100m offer.
The low life then went on to settle for $20 million and consistent with a low life mentality, claimed how great the deal was thinking shareholders will not get to know about the GSK offer. He even had the gall to ask shareholders to vote for the resolution to reward him 435,600 options for the pathetic and less than truthful representations of his idiotic settlement. And when shareholders voted down the resolution, the idiot collected the 435,600 options announced to the market on 19 December thinking shareholders will not notice during the Christmas season.

Yes, Peter Cook – shareholders are taking stock. We are miffed about the settlement but we are even more miffed about your behaviour. The office receptionist would be sacked if she performed the way you did. Instead you spin the truth and claimed credits and reward yourself for your idiotic performance. Instead of taking responsibilities for stupid decisions, you spinned half truths to claim credit and rewards. It is this systemic low life behavior that miffed shareholders.