ELE 0.00% 0.5¢ elmore ltd

Hi StrikerNone the less, whether or not management have bought...

  1. 581 Posts.
    lightbulb Created with Sketch. 20
    Hi Striker

    None the less, whether or not management have bought the shares, it is still a cap raising and still dillution. This is going on with the Vijay joint venture as the backdrop.

    IMO the backlash is to do with the free option at 4 cents exercise price. I believe that if they had a 10 or 15 cent exercise price then that would have instilled more confidence and less "whinging". It's like having your cake and eating it too.

    Hell, I reckon us long suffering shareholders deserve the free options more than management do!!!!

    Joe


 
watchlist Created with Sketch. Add ELE (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.