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AGM and Options (aka. further share dilution), page-6

  1. 1,186 Posts.
    lightbulb Created with Sketch. 108
    Had a look back here
    2017
    S.Mitchell - 2mil options with 1mil @ 40c, 1mil @ 50c.
    Boulton, Billing, Turvey 500k each with split 250k @ 40c and 250k @ 50c
    ALL options have 3 year expiry...so due to expire end 2020. SP was 30c when this was announced. We all know what has happened to since.

    2019
    ALL options @24c with 4yr expiry
    S.Mitchell - 1.5m
    Boulton, Turvey, Bamford - 400k each
    Kim - 700k
    SP @ 21c when announced

    So for the privilege of the SP dropping 30% (much more than that from the highs around 40c) they have given themselves options a year before the other options even expire, at much less of a premium and with longer expiry. That's a pretty hard sell even for SM.
 
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