The Company has agreed, subject to obtaining Shareholder approval, to issue an aggregate of 100,000,000 Performance Options (Options) to David Frances, Brian Thomas, Thomas Langley and Anees Sabet (or their nominees) (Related Parties) on the terms and conditions set out below.
The maximum number of Performance Options to be issued to the Related Parties (being the nature of the financial benefit proposed to be given) is 100,000,000 comprising:
(i) 15,000,000 Class A Performance Options and 15,000,000 Class B Performance Options to David Frances (or his nominee) pursuant to Resolution 6;
(ii) 15,000,000 Class A Performance Options and 15,000,000 Class B Performance Options to Brian Thomas (or his nominee) pursuant to Resolution 7;
(iii) 10,000,000 Class A Performance Options and 10,000,000 Class B Options to Thomas Langley (or his nominee) pursuant to Resolution 8; and
(iv) 10,000,000 Class A Performance Options and 10,000,000 Class B Performance Options to Anees Sabet (or his nominee) pursuant to Resolution 9;
Sorry but Im not granting any performance options or shares until I see some actual performance that benifits shareholders other than management.
So far there is only one resolution on here that I am willing to support. Its just management padding. There is no way Im passing a resolution for a new director to pick up a massive parcel of shares at 0.003c when those of us that have been holding over 12 years weren't even given the option.
GD
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57 | 62131377 | 0.002 |
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0 | 0 | 0.000 |
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Price($) | Vol. | No. |
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