So now you’re back peddling and admitting that the Directors are not buying, but it would be good if they did. That’s completely different to what you stated in your post.
The shares gifted to Downey are not like an option at all. As I stated previously, options provided to Directors come with two significant advantages for shareholders. The strike price is higher than the current share price so the company has to actually perform, and secondly the Director has to put his hand in his pocket to fund the exercise. That isn’t happening with this arrangement.
Downey doesn’t need to meet any performance hurdles and his free shares aren’t even escrowed. How do you defend that arrangement?
Add to My Watchlist
What is My Watchlist?
