Leroy, seriously read the announcement correctly...
These are options to employees not directors...
Whole company takes 20% pay cut worth according to the last 4c staff cost is $850k a quarter. So six month salary cut is worth up $340k cash saving...
so 350,000 options at 2 cents which were 100% out of the money a few days ago... with the staff having stay at the company for the two or three years before they can vest!
IMO this board is delivering on its strategy and its statement that they would not raise again unless for an acquisition.
As a new shareholder and reading your posts as part of my DD it might be time for you take your tax loss before 30 June.
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