so these options will be staff incentives - that's good. but look at the exercise price, between 90 cents to $1.50. Realistic hurdles. but 90 cents by december....
the board are awarding themselves performance rights at between 19 cents and 22 cents. Joke hurdles. Voting "No" will make no difference. The board will already have run it past major shareholders and got the support they need.
These are the financial gurus who put out a september 1/4 cash flow estimate of $4.48 million but then had to reissue it at $38.1 million because they "forgot" production costs of $32 million. how can you convince yourself you're doing a good job if your understanding of cash flow is so poor you can't even forecast it ? are they all drunk ? its too early to stick the snout in the trough for a free feed.
so these options will be staff incentives - that's good. but...
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