Most posters who look at the oppie conversion price and think the exec mgmt and BOD were given cheap oppies as handouts.
Correction: Most if not all were given to them when the SP was like 4c. So oppies were priced twice the existing SP.
Sud’s oppies both last Sep (which expired) and this Sep were linked to achieving milestones and have now vested. So imagine having oppies for 20c when the SP was 4c!
Options are not free. The receiver has to hand in their hard earned dollars in return for shares which also brings in funds to the company. Note that even EAS Advisors and Canary capital are also rewarded with options - see below screenshots.
This is better approach as more consultants get rewarded for their efforts and which brings in funding for working capital/ trials.
Happy to be corrected if I have got my facts wrong.
IHL Price at posting:
35.5¢ Sentiment: Buy Disclosure: Held
