Performance rights? So I thought we were paying the directors to execute on their initiatives and grow the business, which in turn would raise the share value. Initially, the talk was creating a billion-dollar business in 3 years. Fully diluted that is a share value of approx $1.30. So apart from being paid very well, the directors feel they need some reward and recognition for getting the share price to a range of 5 - 10c covering a four year period. They also previously decided to offer 7,500,000 options at .03c expiring in 3 years for services valued at $97000. So that is quite pessimistic mixed messaging being given to the market. And as far as the performance rights go, considering how many con note shares and attached options the directors have in the pipeline I see this as just unbridled greed. But maybe I have this wrong, so I'm asking anybody, what exactly are the directors being paid to do?
CM8 Price at posting:
3.6¢ Sentiment: None Disclosure: Held
