Our "Notice of Meeting" IMO outlines some serious mining of...

Our "Notice of Meeting" IMO outlines some serious mining of shareholder pockets with the blatant and over the top option handouts!

Let's place this snout in the trough, option handout into context.

Frances is paid circa $450k.
Now they want to hand out 1,000,000 options that are already in the money and valued at circa, $1.3M on top!
(option calcs below)

The context.
Les Davis the MD of Silverlake is on about 450k, is top notch and running a company about 6 times the mkt cap.
Each year as the company produces profit, his salary increases a little.
Reasonable Yes, Greedy, No.

Now they want to pay out ~$1.7m (package inc options) for Frances alone !

The worst part is they are all queuing up to line their pockets and puts the greed of Gordon Gecko to shame!

They say they don’t want to burn company money with additional salary increases.
If this was really the case, why are they using company money to fund loans to directors for cheap 60c shares!
Is this really the best use of our capital???

Really, if they wanted a private company then why list!

This is like being taken by the proctologist without vaseline.

When i said earlier that Stowell was a good operator, perhaps i was wrong.

If Frances can’t live on 450k for an early stage company, then move on.

Boys club veiled in shame and greed.

Not happy, Mav

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Option Valuation, ~ $1.30

Black Scholes
Stock Price, $2.05
Excise, $2.00
Maturity, 5 Years
Int Rate, 3.59%
Vol, 75%
Div Yield, Nil