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.
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Last
11.0¢ |
Change
-0.005(4.35%) |
Mkt cap ! $19.63M |
Open | High | Low | Value | Volume |
11.5¢ | 11.5¢ | 11.0¢ | $659 | 5.981K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 4977 | 11.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.5¢ | 128858 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 4977 | 0.110 |
15 | 354152 | 0.100 |
1 | 80000 | 0.097 |
2 | 20832 | 0.096 |
2 | 81589 | 0.095 |
Price($) | Vol. | No. |
---|---|---|
0.115 | 128858 | 2 |
0.120 | 381306 | 4 |
0.125 | 124225 | 5 |
0.130 | 84500 | 3 |
0.135 | 42000 | 2 |
Last trade - 14.08pm 07/06/2024 (20 minute delay) ? |
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Last
10.5¢ |
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Change
-0.005 ( 8.70 %) |
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Open | High | Low | Volume | ||
10.5¢ | 10.5¢ | 10.5¢ | 5881 | ||
Last updated 10.29am 07/06/2024 ? |
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