Ann: Initial Director's Interest Notice, page-13

You’re ‘dead certain’ his options will make a profit… but worried about your equity being eroded. It’s almost a contradiction, because you’re concerned about seeing (a marginally lower) positive return?

If the founders/previous management have proved anything, it’s that nothing here is ‘certain’. And Mr Burtons options (and your equity dilution) is precisely nought/nil/zero/nothing/nada if Groundhog remains undeveloped. I think this appointment (and everything the deal has entailed) is a step in the right direction to finally start digging sh!t out of the ground. Which is a considerably better position than where it has sat for the past few years.