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21:48
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Originally posted by Wacko73:
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What I'm wondering is why they structured the options in this way? If she signs a commercial deal (lets pray for the next 3 months), and the share price goes above 25 cents, why not have the second tranche of options at 35 cents then the last lot at 45 cents? Plus I would have reversed the order of options. (1 million, 1 million and then 5 million if she delivers a commercial deal with the share price at 45 cents - Now that's an incentive). To me the current set up is a strange methodology, to have the second and third tranche at a lower price doesn't provide an incentive, it merely provides a reward for achieving the first goal. Are they thinking the share price will spike then drop?
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The second and third lot don't require a commercial transaction. Therefore the incentive is on the first lot, and the second and third are just for if the share price goes up and she's still around.
