I agree, all it says is that it's a long term vote of confidence shown by the Director. It's worth noting that this option exercise might have triggered a significant tax liability to be paid next year given the timing, and of course the nature of his holding in terms of his personal tax arrangements. A paper profit of 78c/share based on a June 1 price of 93c, gives him an instant windfall of $312K. So it's not just a $60,000 commitment necessarily. Good problem to have of course!
Ann: Change of Director's Interest Notice, page-17
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12.0¢ |
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Mkt cap ! $129.1M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 3 | 423146 | 12.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
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