payment for out of money options, page-2

Why ACB?

Because they are unethical...
It is unethical..

Management destroyed the value of those options by recommending such a low ball offer even though they stood to financially gain from it..

It is contradictory, completely biased to them and no other shareholders.

You could argue that every shareholder should have been allowed to take up their rights with a free option and received the equivalent value for that option,

" exercise price $1.35 expiry July 2011 paid $0.3154" ?????

They got paid 31.5c for an out of the money option whilst every other shareholder got shafted.

You can see how it was in THEIR interests to recommend $1.35

CORPORATE GOVERNANCE clearly spells out that Directors and officers of the company have a fiduciary duty to act in the best interests of ALL shareholders ALL of the time!!

Not in this case...

The above statement is an Oxymoron and the offenders all MORONS!!