It is in DNK’s economic interest for Cornelius to do a cashless...

It is in DNK’s economic interest for Cornelius to do a cashless conversion of his options rather than asking shareholders to pay him cash to cancel them. In turn it would seem that a cashless conversion will provide Cornelius a better long term economic return and strongly align his interests with the remaining shareholders. Mr McEachern’s options have 1 month before expiry and vest according to clause f(ii) in his Option Agreement, T’s & C’s; allowing them to vest would align his interest more so with the interest of shareholders, a cancellation and compensation of his options, like Cornelius' does not. Listing Rules 6 & 7 permit a repricing of the strike price of these employee options which again aligns their interests with those of shareholders at no cost to DNK. Voting No on these resolutions but they will probably just get passed anyway as no-one really seems to be that interested in these types of concerns. All good for Cornelius to get another odd $300K in time for Christmas.