Ann: Shareholder Update, page-42

Well for what its worth here is my two pennies worth on this option allocation
This just reeks of the BOYS CLUB, MATES RATES, ETC ETC

OPTION CONVERSION PROGRAM

INCENTIVISATION

Whatever you wanna call it

I thought we were supposed to have been doing away with all this crap

Fast Finance ASSOCIATION

As for those of you that say they deserve this they deserve that

FOR WHAT I SAY

For the option conversion programme 170,000,000 EXPIRY 2018

How is this date incentivising or speeding up the option conversion.

Lets take a look at an alternative Scenario

There were 725,000,00 OBs  original issue

Issue of 170,000,000 Unlisted Options to Platinum Road nominee(s) in satisfaction of contractual obligations under the Options Exercise program announced on 9 January 2015

Without the so called option conversion programme there would be no payment if i am reading the above statement correct

So if they are actually going to add 170,000,000 shares to the register eventually why not share the dilution amongst shareholders and let us all wear it and profit.

So why not pool the options
AS IN
MATHS = 725,000,000  original OBs issue divided by 170,000,000  =  4.26
Therefore offer up as in incentive to all holders of the OBS
For every 4 OBs that you convert you would be given the bonus  option to convert 1 unlisted option from the pool @ 1.5c

Ie

You hold 1000,000 OBs therefore if you converted those OBs you would have the option to convert a further 250,000 OBs as your entitlement in the 1 – 4

This would do away with the need for a paid scenario to the boys club for the so called option conversion programme

Not only this it would drive the OBs @ market therefore pushing up the OAs
leaving the expiry date at 2017 all moneys would be in by 2017

not leaving a overhang for 2018 for the privileged to cash in on

OPTION CONVERSION PROGRAMME

Never heard of it before its just another fancy name for RORT

Don’t you think if they wanted to INCENTIVISE the option conversion they would want all moneys in ASAP

To incentivise one would assume this means to encourage one to convert.

WHERE DO WE COME INTO THEIR PROGRAMME.

WE DONT

For those that are raving about how good this is and think they are so deserving it would appear to me that you guys are happy to reward those self same people that have trashed our stock in the first place.

I put it to all you back slappers out there the how would you have reacted had say
Lyod Thomson decided to sell of 50 – 80 plus million of his stock how would all you back slappers have reacted then.

Yet you appear to accept this as good form and acceptable by others i sometimes wonder what some of you guys are smoking,

Chaya sorry to see you go but on that note note i cannot blame you i missed out here but on the next pump my friend i to will be joining you this BS has to stop

Enough from me

I realize that some OBs have been converted but do the same maths for the outstanding number