I was looking again at the Pattersons report, and the cottee/freestone options.
I'm not 100% on the vesting options terms - ie whether the price of 15 cents needs to be maintained for a certain amount of time, or whether it just needs to hit that amount.
Figure 6:
CTP Options
Holder Listed - Freestone
Unlisted Number -48,418,169
Exercise Price $0.15
ExpiryDate 22/12/2015
Vesting Hurdle $0.15
Potential
Capital($Am)-4.4mill.
But, given Cottee's previous gigs, surely $4.4mill is chump change for him?
Wouldn't it be an interesting gesture to see Freestone convert these options pre the AGM.
C'mon Richard. Show us shareholders the faith.
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