I don't know why I read this thread. Honestly, 99% of the posts...

I don't know why I read this thread.

Honestly, 99% of the posts (both for and against) are absolute trash. Zero considered insight or value add.

You are either a muppet who cannot fundamentally comprehend fundamental financials and ASX announcements, or you are just ignoring and spouting trash...unless of course, I have criminally missed something. To me this is a very, very neat proposal from AF.

He currently has 60m options with strike price of $0.0175 (less than 2 cents).

AF is giving these 60m options up.

He now has zero performance options.

However, this is contingent on the approval of him being granted 100m options with a strike price of $0.10 (ten cents).

So, if you vote 'no' to this proposal, you deny AF 40m options. However, insead, he retains 60m options at a strike price of less than 2 cents.

If you vote 'yes' to this proposal, AF gets the additional 40m options, but they are all at a much, much higher strike price.

All expiring 15 June 2027.

Worked exmaple		stock price
Number of options	Strike price	0.01	0.02	0.03	0.05	0.1	0.15	0.2	0.23
60,000,000.00	0.0175	-$450,000.00	$150,000.00	$750,000.00	$1,950,000.00	$4,950,000.00	$7,950,000.00	$10,950,000.00	$12,750,000.00
100,000,000.00	0.1000	-$9,000,000.00	-$8,000,000.00	-$7,000,000.00	-$5,000,000.00	$0.00	$5,000,000.00	$10,000,000.00	$13,000,000.00

As you can see from the above worked example. Under his initial proposal, AF makes profit from $0.02 (2 cents). Under this new proposal, AF does not profit until the stock price is higher than 10 cents. AF is only better off under this scenario if the stock price is $0.23 or higher.

If you really thought that AF was doing such a bad job, and that the stock was SO TERRIBLE then you would be voting FOR this proposal. Ergo, from your comments that you would vote "strongly no" to this proposla, you have no idea what you're talking about or you are just trolling and baiting. I am assuming it is a combination of the both.

As such, AF considers that by June 2027, this stock will be worth in excess of $0.10, and most likley in excess of $0.23. This represents a circa 9x - 18x gain from here. Yes this is a risk, but not many CEOs bet (minimum) $5m on themselves.

Thanks for playing though.

Ps don't @ me, your posts are bad, and you should feel bad.