I am afraid I cannot support 10 million options for David at the price listed - and arguably not too happy about the rest of the directors either.
He has already nearly 20 million and the share price has halved since his arrival. If the exercise price was $0.15 then I would be OK. He is on a substantial wage and after 12 months we are yet to see anything other than professionally delivered motherhood marketing statements. I have no doubt there has and is plenty going on but there is no justification for these options.
Let's see some success first and give him 10 million next AGM in 2024 from a much higher share price.
On another matter, there is no mention of an additional Director being added - will we assume if there are no candidates that they will simply appoint and wait for shareholder acceptance in 2024?
Ann: Notice of Annual General Meeting/Proxy Form, page-10
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Change
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Mkt cap ! $56.67M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 13 | 2237568 | 2.2¢ |
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| Price($) | Vol. | No. |
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| 2.3¢ | 592176 | 5 |
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| Last trade - 16.10pm 17/05/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
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| Last updated 15.59pm 17/05/2024 ? | |||||
| ADO (ASX) Chart |