Because it’s all free. Not only are they given the options but - as you can see from the value/consideration disclosure - they’re also given a “loan” by the company to exercise them. And that’s after they’ve already had a huge stack of ZEPOs, meaning the 0.65 nominal exercise price is already massively averaged down once it hits their personal share portfolios. So there’s no chance an exercise like this will ever really hurt them.
This happens all the time with this mob. While the SP stagnates at the same levels for years, the % held by the three directors steadily increases, their voting rights increase, the company bankrolls it, the rest of us are diluted further, and the DRO directors’ cash machine just rolls on. Until shareholders band together to give this self-interested board a proper cleanout there is no great likelihood of this behaviour ever changing.
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Last
$1.24 |
Change
-0.015(1.20%) |
Mkt cap ! $1.077B |
Open | High | Low | Value | Volume |
$1.28 | $1.28 | $1.22 | $10.85M | 8.755M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 43214 | $1.23 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.24 | 222 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 43214 | 1.230 |
9 | 78995 | 1.225 |
29 | 306630 | 1.220 |
14 | 329069 | 1.215 |
21 | 157020 | 1.210 |
Price($) | Vol. | No. |
---|---|---|
1.235 | 222 | 1 |
1.240 | 16599 | 2 |
1.245 | 67527 | 5 |
1.250 | 112128 | 6 |
1.255 | 245711 | 5 |
Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
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DRO (ASX) Chart |