Amazing comment, these people still have the mentality of a small spec miner
It is not an incentive package, just a cash grab since the company has a promising future.
The first tranche strike price is 10% above last weeks high and isn't even escrowed, that's not an incentive. The stock is undervalued an incentive should be based on a market cap of say $50M and $100M which equstes to a SP of 40.85 and $1.70 respectively.
At the AGM the company was hopeful of increasing its customer base.
Over the last four months strategic alliances have/are being developed with telcos.
There has been no announcement of new customers or increases in revenue.
The competition is still trying to tie up the market.
What have they achieved? and they want a cash bonus including attaching oppies.
The second tranche also should be an incentive and higher that the first tranche.
The company appears to have a bright future and is capped below market peers.
Yes there should be an incentive program but at a realistic hurdle rate.
I hope the company spends more time improving the company and not handing out bonuses
I will not be approving this in the next EGM/AGM
DUB Price at posting:
39.0¢ Sentiment: Hold Disclosure: Held
