So let's just be honest, the CEO may have a degree, that unfortunately does not make him necessarily street smart.
ASX listed folk need time to become street shareholder smart IMO.
The options issuance should have been anns once the company had made further ground IMO and have been listed a while longer, that being said goals are being continually kicked, and like AFL, the team should be rewarded at some point, we need to keep the team together and rewards do that. Long term vesting does it too, but 25% dilutive options is a tad rich this early in the game.
So now we have the CEO rebut on the options saga, which is a well played response, moreso a good learning curve for the upstarter.
All should be fairly rewarded, but times must be chosen wisely, that is all.
We can forgive bad timing, we can certainly forgive reneging of the options deal, mistakes can be made, he got on the front foot and make an exec decision, good on him, I like that.
