So we have 1.9M performance rights to share amongst the...

So we have 1.9M performance rights to share amongst the employees of the company. Well that's probably fair enough, even though the terms seem more generous than other employee incentives I have seen. But 6.7M performance rights for the directors? Outrageous.

The phase 2a results will speak for themselves, and will be the primary factor that determines the future for Cbio. Throwing free shares at the directors isn't going to change the phase 2a results.

The results could be great, but let's suppose the directors negotiate poorly and sell out too cheaply to their mates at Novo. Never mind, the sp will be well over $1 anyway and with these 'performance rights' the directors will walk away with millions.

Perhaps we should call them 'non-performance' rights!

I think I will be voting for the employee rights, but against the directors rights. Perhaps the directors could have options at $3 instead. Well that's an incentive isn't it? Heavens above, perhaps they could even consider buying on market...