Keep in mind the options offered to our new M.D. were at a 45% premium to
the 5 day average share price at the time, clearly he is not here just for his 360 k
per annum, huge money by our standards but not for those M.D.'s with credentials
experience & discovery runs on the board, so what would you suggest as an
alternate method to balance out the remuneration package & be attractive
enough to acquire a M.D. of his calibre pay him $600,000 p/a would that be better? Remembering if he takes up his right to buy 5 million options AT approx.
8.5c =$425,000 that he pays for the options, that flows into the ABU coppers
that's $65,000 more than his annual salary.
will await what your recommendations as alternatives are there dencol503
imo its far better than ABU's old round robin can't loose package that was
offered to Directors.
imo-some points to consider 1
salt
ABU Price at posting:
7.8¢ Sentiment: Buy Disclosure: Held
(20min delay)