abn amro upgrade, page-51

My view is that options issued to directors for zilch is a rort. This issue has been badly timed? In the past when this happened the sp drifted lower, then an issue to instos. This is all bad for minority shareholders.

While the long run looks good-if they deliver-short term volatlity is now setting in.

I have a feeling that getting to production in that rugged terrain has proven to be more difficult and more costly than anticipated.
DYOR. Good luck!