Re: AGM and issue of options to incentivise the directors
I really dislike lack of transparency and note with disdain that the 27/11/22 exercise price of 0.245c for the 2.25M options proposed for approval at the upcoming AGM is not detailed in the AGM's explanatory statements.
If the AGM ratifies the issue of the options and the options are subsequently exercised the yield to FYI is ~$550k.
Isn't this worth detailing for the share holders? Surely the secrecy and intentional lack of detail is completely unnecessary!
I am happy for the directors to be rewarded for adding value to the company but feel that the 0.245c is setting the sights a bit too conservatively?
Any other thoughts on this matter.
MJ
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