these guys might be getting worried... From ann 8th April: Issue of Lead Manager Options to Evolution Capital Advisors or its Nominees as approved at the Company’s shareholders meeting held on 26 March 2021. 5,000,000 unquoted options expiring on 09 April 2023, exercisable at A$0.025 into fully paid ordinary shares.
Old mate Paul has a bit more time so can sit and ponder for a while... (a) 25,000,000 Tranche 1 Director Incentive Options, vesting upon issue with an exercise price of A$0.017 and expiring on the 5th anniversary of vesting (09April 2026); (b) 25,000,000 Tranche 2 Director Incentive Options, vesting on Mr Rosen’s 2nd anniversary as director of the Company (01 Nov 2022) with an exercise price of A$0.05 and expiring on the 5th anniversary of vesting (01 Nov 2027); and (c) 25,000,000 Tranche 3 Director Incentive Options, vesting on Mr Rosen’s 3rd anniversary as director of the Company (01 Nov 2023) with an exercise price of A$0.10 and expiring on the 5th anniversary of vesting (01 Nov 2028).
On the plus side I think I read the free options with the last raise are not exercisable until the sp hits 4 cents.
Set up a sell at $10cents and be surprised when you get a bank deposit in 7 years time and wonder wtf? DYOR and GLTAH
SCU Price at posting:
1.4¢ Sentiment: Hold Disclosure: Held
