Sooo, Correct me if i'm wrong ........ They have sacked some...

Sooo, Correct me if i'm wrong ........ They have sacked some staff. ( Probably needed to do it because of Covid 19 anyway) Directors have agreed to drop 25% off their base salary however because they are going to have to work a bit harder to take up the slack they can have some Oppies......A lot of Oppies! Theses can be vested at a 34% Premium to the 7 day VWAP of about .035c About .05c.

"Most of the staff reductions have been made in our US commercial and development teams, to reflect
the refocusing of activities in the coming months. All Board members have agreed to a reduction in
base fees of 25% for a 12-month period, with the balance of director contract terms remaining the
same.
The increased workload arising from the headcount reduction, will be assumed by our executive
directors to ensure continuity and the ability to scale back up, as milestones are achieved in our
development programs. The Board has agreed to issue options to remaining directors and staff, in
consideration for this additional workload, to reflect the reduction in compensation and to retain key
resources. Option grants to Directors will be made under the Company’s existing employee securities
incentive plan and will be subject to shareholder approval, at a general meeting to be called. A
summary of the planned option grants is set out below:
• Vince Ippolito – 17,994,914 options
• Michael Thurn – 11,186,028 options
• Bill Bosch – 4,863,490 options
• Stewart Washer – 4,863,490 options
Options will be priced at a 34% premium to the 7-day VWAP up to and including 15 April 2020, vesting
after 12 months and exercisable within 24 months of grant."