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Ann: Board Update and Change to CEO Incentives, page-27

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pikapika

2,536 Posts.

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12/07/22

00:07

Post #: 62484341
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Originally posted by pikapika: ↑

There is no way CAY Management does not know this crazy CR is a complete rip-off and extremely unfair to SH. It hurts the majority of SH, that's for sure.

Since this CR should be the last CR before we have a financing deal (even offtake is connected to funding), I am hoping David Netherway and Phillip Gallagher (both are sitting on the Top 20 List) will vote down those Options out of their moral and conscience. As a matter of fact, voting down those Options will be in their personal interest too because both DN and PG did not participate this CR.

As with Peter Su, his participation is yet to be approved by SH. If we have a financing deal in the next four week, we don't need Su's $300k. That will reduce another 6.7m shares plus 6.7m Options.

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Correction:

Peter Su has committed $300k (= approx 6.7m shares + 6.7m Options) but he is only allocated around 5.5m shares and 5.5m Options.

David Netherway is allocated 555,555 shares + same no. of Options. This only represents 7.7% of his holding shown on the Top 20 List as of 31 May 2022. He is still better off by voting down those Options. His participation also needs shareholders' approval.

CAY Price at posting: 4.8¢ Sentiment: Buy Disclosure: Held
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Last 9.2¢		Change 0.001(1.10%)		Mkt cap ! $128.6M

Open	High	Low	Value	Volume
9.2¢	9.2¢	9.2¢	$920	10K

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No.	Vol.	Price($)
1	54945	9.1¢

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Price($)	Vol.	No.
9.2¢	324537	4

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No.	Vol.	Price($)
1	54945	0.091
2	1730000	0.090
3	122550	0.089
3	1439534	0.088
3	2178001	0.087

Price($)	Vol.	No.
0.092	324537	4
0.093	230000	1
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0.095	596461	1
0.099	600000	1

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