PET 0.00% 2.5¢ phoslock environmental technologies limited

Hi Allsurprised no comments released on these options. without...

  1. 1,424 Posts.
    lightbulb Created with Sketch. 856
    Hi All
    surprised no comments released on these options. without comments from the company i'm not happy with this.
    first point with the it being likely to raise $13m over the next 9 months no real need for a placement or cap raising but the end result is likely to be the same.
    these performance options , are they for pass performance or future ? what are the vesting conditions ? are there sales targets or profit targets attached ? if no targets attached then this is poor in my eyes. to me its a free hit. if i was to be given 1m options with no targets etc then nothing to stop me selling 1m shares at todays prices knowing if the sp goes down a don't need to buy the options so in front, if the sp goes up i can then benefit buying the options at the cheaper price of $1.35. so if no targets attached there is no risk

    thanks
    mickem
 
watchlist Created with Sketch. Add PET (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.