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The purpose of these options issues to directors and management...

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nm213

113 Posts.

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15/12/17

19:14

Post #: 29669465
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Originally posted by dpbear ↑

Just had a look at the anns posted tonight relating to issuing of new shares and options for the directors. I can see that new options expiring Nov 2019 and Nov 2020 have been issued with a strike price of $0.05, and there are also pre-existing options expiring Nov 2018 with strike price of $0.45. I don't know if I am over-thinking this, but does anyone think that the exercisable prices of the options have anything to do with what the directors are aiming for in terms of SP? All I can think of is that those options will be worth pretty much nothing, unless the current SP will come up to at least the strike price of those options. $0.05 seems realistic, and $0.45 would be a dream.... Incentives for the directors?

Or this is completely irrelevant and I am rambling on about nothing....

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The purpose of these options issues to directors and management is generally to provide them with financial incentive to get the SP above the strike price and therefore further align their interests with that of shareholders.
I guess you can say that management now has even more incentive to work harder to get the SP above 5c where it should already be IMO

VIC Price at posting: 1.3¢ Sentiment: Buy Disclosure: Held
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