Thats right, the BOD never converted those options, they just expired out of the money. I suppose they could have converted them anyway, as they would have still made a tidy profit (30c - 21.7c per share), but they didnt. They could have just bought on market too at around 17c, but they didnt. They just kept the cash, all $3.9 million, and VRX got nothing. Then they have an absolute cheek to do another CR down the track, and refer to it as "rattling the tin" for retail investors. The BOD are con merchants, not fit to be running a listed company.
all imho, dyor
VRX Price at posting:
4.1¢ Sentiment: Sell Disclosure: Held
