WFL 0.00% 0.3¢ wellfully limited

I agree with your comments Hoofa.I have now witnessed OBJ...

  1. 239 Posts.
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    I agree with your comments Hoofa.

    I have now witnessed OBJ providing some kind of incentives to its option holders with no equivalent to owners of ordinary shares in the company [i.e. its owners], on two occasions.

    Both of these rewards have diluted (or will dilute) owners equity - and hence are a negative. The benefit is to non-owners [although obviously many option-holders are also owners, but a minority are not and hence there is a problem for this minority whose holding is not being protected (as I understand the facts)].

    Regardless of comments made about products in the pipeline and performance incentives - purely on the subject of rewarding option holders with 105million options, this seems to be an issue of ordinary shareholder dilution and justification is needed.

 
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