directors to lose money???????, page-2

re: directors to lose money?? not so If you have a look at recent BSG announcements you will see that the sale of their Roseby interests will have a corresponding effect on the strike price for the options.

From memory the sale is worth an estimated 5.7 cents per BSG share and will have the effect of reducing the strike price of the (former) 40 cent options to 34.3 cents. Whether the fully paids remain above this price is another matter.

The sale is not new or additional value to BSG however, as it is merely the payment for an asset formerly held within BSG, and to this extent is value neutral for the share price.