Share
269 Posts.
lightbulb Created with Sketch. 23
clock Created with Sketch. 13/08/21
18:57
Share
Originally posted by curiouswon:
↑
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.
Expand
Even Stevie Wonder could see that this is pretty standard, makes sense, and isn't an issue if everyone takes up their entitlement.
