I am wondering if we are on the right tram with this. It could be that the employee was issued the shares at the price of $1.78, financed by a non-recourse loan from the company. The employee only discharges the loan as and when the share price is >$1.78. In other words, the initial share issue is a book entry only. If the employee leaves the company, the entries are reversed, with no actual cash transaction. However, if this is step one in providing a benefit to continuing senior management, with step two being an issue of the same number of shares at a lower price, it stinks. They took the shares at $1.78 believing that there was upside. They should accept that the share price is in the cellar like everyone else does and start fixing it.
I don't know if this right, but I couldn't see a manager shelling out $890K in the first place.
- Forums
- ASX - By Stock
- Ann: Update - Notification of buy-back - MOZ
I am wondering if we are on the right tram with this. It could...
Featured News
Add MOZ (ASX) to my watchlist
|
|||||
Last
4.4¢ |
Change
-0.005(10.2%) |
Mkt cap ! $7.854M |
Open | High | Low | Value | Volume |
4.9¢ | 4.9¢ | 4.4¢ | $5.203K | 113.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 99549 | 4.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.9¢ | 56634 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 244216 | 0.043 |
1 | 255000 | 0.039 |
1 | 222891 | 0.038 |
1 | 13600 | 0.037 |
1 | 14000 | 0.036 |
Price($) | Vol. | No. |
---|---|---|
0.049 | 56634 | 1 |
0.050 | 50000 | 1 |
0.051 | 19607 | 1 |
0.052 | 106172 | 2 |
0.055 | 400000 | 1 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
Featured News
MOZ (ASX) Chart |
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online