In the recent cap raising one of the directors,Ross Haghighat who holds 61,172,529 shares and who was elegable to purchase 3 new fully paid ordinary shares for every 4 held and would also receive 1 new option for every 4 new shares accepted received more options then he was entitled to.
So potentially Ross could have bought 45,879,397 new shares to support the company in the cap raising which ended up being heavily under subscribed by 50% Ross ended up only buying 2,735,600 which was a great show of support, NOT, but that isnt my point. Ross was then also entitled to 1 new option for every 4 new shares received in the capital raising so 2,735,600 divided by 4 = 683,900. so Ross was entitled to 683,900 new options BUT why he was issued with 1,496,400 new options!!!!
Another error made by the company or were they hoping no one realised and was giving him a few extra on the side??
Doesnt seem fair that everyone else received 1 for 4 yet Ross only took up a tiny fraction of what he was entitled to yet receives EXTRA options with no valid explanation.
Donest this concern anyone that tihs has occured, or is everyone used to being played by the company time and time again??
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