people are weird they have got someone doing the hard yards for...

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23/03/16

11:35

Post #: 17344947
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Originally posted by wayne25 ↑

Totally agree BG with your points about why the options should be extended in light of Nkwe's non-disclosure or following up of the Settlement Deed.

However, the moral arguments such as how option holders virtually saved the company from going under 3 years ago are part of the reason Xuan is fighting so hard to have them extended. He explained this in an email to the whole group a few months back, when some non-option holding members were querying why he was doing this. So it might not be a legal reason, but it is defintely part of Xuan's reasoning.

Non-option holders in our group also need to remember that Xuan is putting in countless hours of his time, energy, and expertise, and most importantly his MONEY to pay for legal advice in order to represent us all against Zijin / Nkwe's blatant efforts to ride rough-shod over minorities. And as he has a lot of options of his own that he has every right to try to protect. He is doing his best to try to look after both the minority shareholders and minority option holders.

And if the options do eventually get extended / re-issued, it will only mean a few cents less per share for ordinary shareholders in the event of a takeover ... Without Xuan going in to battle for us now ( for independant board members ) and at the negotiating table at takeover time, ordinary shareholders would almost certainly receive many more cents LESS from Zijin than what they would have to share with extended option holders ... So will those people still whinging about Xuan fighting for option holders please just shut the f@ck up and thank your lucky stars that Xuan is fighting for you too.

Wayne

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people are weird they have got someone doing the hard yards for them and still aren't happy go figure listen to them bitch n moan if he says enough is enough jmt

NKP Price at posting: 6.1¢ Sentiment: Hold Disclosure: Held
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people are weird they have got someone doing the hard yards for...

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