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Ann: Chnage of Director Interest Notices, page-2

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  1. 635 Posts.
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    Looks like the directors scooped up all their oppies on the table, very impressive considering they also swung hard in the last CR at 10c.
    Peter Mullens: 797k options of 898k at 1:10 allowance
    Peter Rohner: 1.08m options of 1.08m allowance
    Sunny Loh: 608k options of 608k allowance

    Given PR and Sunny have got all their oppies, they may also take a bite at the shortfall. Hopefully they leave some for the rest of us. I calculate ~40% shortfall on the table (20m/50m), assuming the shortfall is spread evenly amongst the 60% that picked up oppies, and assuming the 60% all applied for shortfall, very conservatively anyone who applied for shortfall should get at least 40% spread over 60% = 66% extra oppies. That makes it effectively a 1:6 loyalty option and VERY lucrative for anyone who bought in before the exercise date and applied for as much shortfall as they could. Wouldn't be out of the question to see 100% extra oppies, or 1:5 options, considering the shortfall application wasn't straightforward and many would have only BPAY'd the money for the options, not extra for shortfall.


 
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