Almost 12 months ago:
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Despite a pipeline of some millions of dollars of varying deals, revenue for the 6 months after this was less than $150k. The annual revenue alone doesn't even cover the recently increased CEO's salary. Before we talk about the options being dished out, for zero consideration.
Seems a bit unjust that shareholders are only able to save themselves huge dilution buy contributing more capital into the company over and over, but the largest shareholder, who receives a salary from company funds being more than the companies entire annual receipts, get a free swag of options to save part of the dilutionary effects of the most recent raising.
Zero downside risk for them and take a big chunk of the upside. Whilst regular punters just have to suck it up. Perth business logic at its finest.
Unless they vote down the resolution.
