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The Age article 6 October 2009 linkhighlights/lowlights:- $202m...

  1. brizee
    48 Posts.
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    06/10/09
    01:14
    Post #: 5735546
    The Age article 6 October 2009 link

    highlights/lowlights:

    - $202m net loss ($164m blowout)
    - $155m in "option reserve" (unexercised options)
    - shareholders have approved an additional $127.6 million of options, & $43.8 million of shares to corporate advisor Gravner/Mihran "Mick" Shemesian
    - Gravner/Mihran "Mick" Shemesian is being paid $40k per month for fees/expenses in a 3 year contract
    - The following GGG management each received $8.42 million of options as a share-based payment - Roderick Claude McIlree, Jeremy Whybrow & Simon Cato.



    GGG Price at posting: 40.0¢ Sentiment: None Disclosure: Not Held
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