Have a look back at 27/05/21 (SP that day around 17c) and 01/12/20 (SP that day around 19c) for just two identical examples (x3 directors). Same manoeuvre, same 65c exercise price, same free loan.
The terms of any loan - along with any future resolutions they are empowered to make upon a decision to depart from the company - will ensure they never feel any pain here whatsoever. It’s all a gift. And given the directors fees, salaries, consulting fees to their associated entities, and share freebies already granted, this is a zero pain game for the three individuals involved. The board needs a complete shakeup and expansion. It’s absurdly small and comprised of back scratchers imo.
General Discussion, page-4
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