Glad to see that only 10million of the 45million employee...

Glad to see that only 10million of the 45million employee options are being issued at 8c.
The remaining 35 million are being issued at a premium to the 5day SP prior to them being issued.

Resolution	Director	Number of New Options @ $0.08	Number of New Options @ 145% of 5 Day VWAP	Total Number of New Options
5A	Mark Diamond	2,000,000	12,000,000	14,000,000
5B	Robert Moses	2,000,000	8,000,000	10,000,000
5C	Graham Mitchell	2,000,000	5,000,000	7,000,000
5D	Gary Pace	2,000,000	5,000,000	7,000,000
5E	William Goolsbee	2,000,000	5,000,000	7,000,000
Total		10,000,00	35,000,000	45,000,000

The ESOP above appears to be structured so that management can capitalise if there is a Trading Halt or takeover offer.
They will then get to buy in at a 145% premium prior to the TH.

I suspect that the remaining news is all good going forward.


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