I’m not sure people understand, there’s more of this to...

I’m not sure people understand, there’s more of this to continue. ALL of these guys have in built into their contracts a “change of control event” would trigger all of their performance options… the ones hit today were triggered ages ago.



What annoys me even more is Scott Lowe (not personal). His contract had built in criteria to allow the company to terminate his contract if funding wasn’t achieved with a 3 month probation. that ended mid January… Funding wasn’t achieve and the company announced their plans to sell off / close up shop… BUT THEY DIDNT TERMINATE HIS EMPLOYMENT.

Are we all ready to additionally pay this guy out all his long term and short term incentives ? Cause it’s going to be happening… “All performance rights vest in the event of a change of control.”

so the company hired him to run firefinch should they have managed to continue with morila. When that failed and they made it clear as day they are trying to sell off/ close the company (within the probationary period)…. The fact they didn’t terminate his employment is perhaps the single biggest middle finger move the board did directly into the face of holders… incredible.