Two issues.
1. How do we know what they bought, earnt or were gifted by the company prior to the listing?
Can we find that info in the prospectus?
If they bought their shares prior to listing to keep the business afloat then the issuance of options should not be related to what they already have.
It's like saying Je Bloggs drives a BMW so we'll offer him half the salary of other equivalent staff members.
Do you think they did that to Michael Cheney at Wesfarmers? No they paid him well in salary and shares and retained him. And look what he and the board did!
and
2. If we lose them because they are not being well looked after and appreciated, can we replace them for the salaries they are being paid now???
I'm voting to give the top two options.
They've made me money and I appreciate their hard work!
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