The way I see it, cynical or not, management are still looking to remunerate themselves after being turned down last AGM. I think there next chance to do so would be the next AGM, so from now till then there is no real rush for them IMO. It would be in their best interests to keep the share price as low as possible so they can award themselves more options at the time that are easily exercisable. Think about it
If the share price is still 70 cents by the end of next year they can award themselves 1,000,000 performance based options so that are exercisable at say $1 then if the share price was $1.50 then there wouldn't be as much performance based options and they would be exercisable at a more higher price say $2.
Just a theory and again cynical or not it could be them who are manipulating the share price. Who else has alot of shares to play around with. This is a tightly held stock and I don't think someone like Tattarang would be controlling the price.
Thoughts
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The way I see it, cynical or not, management are still looking...
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Open | High | Low | Value | Volume |
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1 | 40000 | 0.075 |
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