Now we can see where the selling pressure is coming from, people getting their options and then making an immediate profit!
I am personally not that happy to see such a high overhead of options at such a low exercise price, as a percentage of the total shares on issue it was extremely generous and over a very long time frame to exercise.
we also had the very recent capital raise at dirt cheap prices which us regular holders weren’t able to participate in.
if management want to keep my confidence, please no more giving options away for a bargain and no more capital raising through share issues unless you let us typical shareholders participate as well.
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- Ann: Exercise of Options and Appendix 3B
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