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clock Created with Sketch. 13/08/21
10:57
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Originally posted by curiouswon:
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Have a look at the wording:"the Albion Board retains the right to place any Shortfall to any person at their absolute discretion within 3 months after the closing date of the Entitlement Offer, at the same issue price of $0.001 (0.1 cents) per option." Now do you understand a different purpose of this options issue - not to reward 3 months worth of loyalty - but to create an opportunity to issue millions of "Shortfall" options to insiders at a minuscule 0.1cents (compared to fair value of maybe 5-7 cents). There is no need at all to have this ability to issue "Shortfall" options - just issuing the loyalty ones is enough to reward 3 months loyalty.
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bloody furious that they doi not allow oversuubscriptions at least to those that have held since day 1... Disgraceful.
(20min delay)