>Ron was quite adamant that by way of setting his performance options at increasing share prices that he was demonstrating his belief that we would get there…. Dunno?
Please. As we all know, shareholder financed long options are asymmetric to the upside, a literal freebie for the owner. Ron is doing no one but himself any favours by avoiding any exposure from a decline in share price. If he was genuine about creating value for HMD shareholders, he would own straight equity and be buying at these prices. Which the begs the question: why isn't he?
He, and the other directors need to be exposed to the downside too. Otherwise they are able to continually subsidize their mistakes via shareholders and are perfectly happy to collect their lifestyle salary.
HMD Price at posting:
5.4¢ Sentiment: None Disclosure: Held
