POS 33.3% 0.4¢ poseidon nickel limited

i would take note.., page-4

  1. 509 Posts.
    Hi GoneSurfing,
    AF does not own the options, he donated them to his charatable childrens trust Leeping Joey.
    The options are as follows.

    Mr A Forrest 115,000,000 2 July 2007 $1.9724 (Face Value) $0.40 (Exercise Price) 19 September 2012 115,000,000.

    Mr A Forrest subsequently gifted his option entitlement of 115,000,000 options to Leaping Joey Pty Ltd as trustee for the
    Australian Children’s Trust (“ACT ”) and continues to gift shares issued in lieu of director fees to the ACT .

    The options to watch will be the POSO options which expiry in December this year.

    Also interesting to note they have the funding agreement via the convertable notes for over $50 Million as well as the option converted value of around $50 Million.
    Cheers
    BM
 
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