From memory, it wasn't too long before the company seized up/was suspended that the Directors took 30 million option each instead of their share of a cash bonus (basis for bonus was dubious to say the least).
In my conversations with CEO he indicated that these options may be re-instated and, again IMHO, this would be a major incentive for the company to return to actual value. The shareholders would have to vote on this reinstatement.
Hopefully, this will have been considered by new investor/partner at time of investment.
As Jamie67 has indicated.....'bring on AGM' where all can be revealed. If company does not re-list, after all statutory commitments fulfilled, then no-one gets anything, including Directors. Status quo remains the same at least for me!!!!!!! I wait with interest.
MAE Price at posting:
0.6¢ Sentiment: None Disclosure: Held
