KAR 0.68% $1.49 karoon energy ltd

"If I was a Director, I renounce my option to "buy in 2016 at...

  1. 12,841 Posts.
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    "If I was a Director, I renounce my option to "buy in 2016 at 6.00 at least as a gesture of respect to the remain shareholders :

    Cato,

    What if the sp is $15.00 in 2016.? I would suggest you would have no problem then, although Six bucks doesn"t seem to suggest much upward movement in sp over a couple of years, does it.? Six bucks seems like a free ticket or fait accompli to me. I would be happier if they said the option was to buy at least at $12.00 ps. and show they have some faith in the future.

    Cheers,

    Stevo
 
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