I'm not sure that this makes sense. There is a low interest loan to the new (untried) MD. That MD get $400k plus options but requires a $760k loan to buy more. As we all know, we want to buy when the price is low. So, he can only buy in two trances "namely on our around 23rd July 2023". That means you're not going to see much price movement until then - why would he be driven to increase the price?
The he has to buy another tranche within 15 months. So, not much more movement there. By the time he is obliged to spend the $760k he has earned $800k from the company.
OH, and if the share price is lower then his buy he will not be required to pay for the shortfall.
I cant see this going anywhere anytime soon.
I think its time to vote against the Rem report and send a message.
Ann: Notice of Annual General Meeting/Proxy Form, page-2
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Last
4.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $57.39M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 190813 | 4.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.2¢ | 53630 | 4 |
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