That's completely bizarre. So they are super confident that the share price will be WAY above $3.75 yet they have created a duplicate set of performance rights WAY below $3.75! It just doesn't add up in my mind - as they say, watch what people do not what they say. If they really believed that, they could have created an additional set of performance rights with targets between $3.75 and $5.00 and it would have sent a completely difference message to the market.
Anyway. Thanks for being there in person and asking the tuff questions on behalf of the shareholders (the most important people in the room - the owners of the company if you will). And also for exposing the type of person that Richard Homsany is. The words entitled jerk come to mind when I think about people that behave like that.
His response to your question was pathetic - "making up for lost time". Performance rights are supposed to incentivise solid/high performance, not tenure. You are not "entitled" to performance rights... you actually have to "earn" them. It's much the same as respect - you can't demand it, it must be earnt. I think I'm beginning to see where the problem lies...
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