Has ELS just taken us for a Ride?, page-19

If els gets to $2, these guys will make the same as the 11M raised in total. Ie they’ll make 11m on the options or thereabouts plus the 700k fee
I’m just flabbergasted as to how:
1. The board allowed this
2. Mahe Capital can perform a transaction where they theoretically make right now 700k plus current options (11m c 15c) being 1.6M
Surely there is corporate governance/ asx governance whereby they are capped at a certain % of what they raise??
Can we vote no to this?
Just when I thought 2020 couldn’t get any worse, the board pull this off.
Who is Peter Marks? Never bought a cracker now loading the truck.
Digby didn’t convert his options months back And loading the truck.
Mahe Capital will end up 3rd on the register.
And those of you, like me, who bought elso and have held for 2yrs, a big screw you.
One word- pathetic.