This is from Hamish's Appendix 3Y, which shows a couple of things
1. Hamish got issued with a bucket load of performance shares for nil payment from him - refer to point 1 circled below.
Most of the shares that Hamish has have been handed to him, not exactly the same "skin" as shareholders that have had to partake with their own cash
2. Hamish has 13.5 million options (refer to point 2 circled) at $0.005 exercise price.
Its one thing to receive free shares, And another to actually invest with your hard earned cash. If DSO is imminent, and GMC is so attractive at $0.005, surely Hamish will take up his options before they expire worthless...
View attachment 1513081The latest Appendix 3B indicates GMC have now have been issueing shares in lieu of cash payment
90,000,000 shares have been offered and 50,000,000 options
Shareholders' ownership is continuously diluted. Very very sad
View attachment 1513087