fairness to shareholders

IMO we must vote against this .
also can we bombard them with emails and show our disapproval.

have they being short changed in their pay packet?

shareholders(the bakers and the back bone of the company)how is it fair to miss out while the fat cats line their pockets .
3ppl each 3mill plus 1.5 in options that's 9mill in shares plus 4.5 mill in options shares alone worth $1.8 mill.
if you look further down in the announ you'll see few others will be receiving free shares .
got to take a stand guys this is plain wrong i can understand why they want to do this but greasing of the palms is not just .
they get paid for a job they are employed to do if we must sacrifice so should they plain and simple

bits from the announ.

General
The terms fair and reasonable are not defined in the
Corporations Act 2001 (the Act), however guidance as to
the meaning of these terms is provided by ASIC in Regulatory
Guide 111. For the purpose of this report, we have defined
them as follows:
Fairness the Proposed Transaction is fair if the
value of a 100% interest in the Non-ferrous
Mineral Rights currently held by Flinders
is equal to or less than the combined value
of the remaining 49% interest in the Nonferrous
Mineral Rights plus the value of the
15 million FEX shares that Flinders will hold
after the Proposed Transaction.
Reasonableness the Proposed Transaction is reasonable if it
is fair. It may also be reasonable if, despite
not being fair but after considering other
significant factors, we consider that the
advantages of proceeding with the Proposed
Transaction outweigh the disadvantages of
proceeding.
In determining whether the Proposed Transaction is fair, we
have:
valued the Non-ferrous Mineral Rights;
assessed the value of 15 million FEX shares; and
compared the value of a 100% interest in the Non-ferrous
Mineral Rights with the sum of the value of a 49% interest
in the Non-ferrous Mineral Rights and the value of 15
million FEX shares.
In determining whether the Proposed Transaction is
reasonable we have analysed other significant factors, which
the Non-Associated Shareholders should consider prior to
accepting or rejecting the Proposed Transaction.
........................................
9 The directors of the Company will hold relevant interests in FEX securities as follows:
Director Shares Options
Robert Kennedy 3,000,000 1,500,000
Ewan Vickery 3,000,000 1,500,000
Kevin Wills 3,000,000 1,500,000
All shares are fully paid. All options will be unlisted, will have an exercise price of
40 cents each and have an expiry date of 30 November 2014.