rdf falls 7.29%, page-2

At a guess I would have to say it in response to the announcement late Friday which flagged a pile of options offered to management. Of itself no big deal. but have a look at the terms offered. 50 cent strike (in other words well in the money) with terms out to 5 years from memory.

Supposedly an incentive for performance, but at that strike price it doesnt stack up. A better construction would be say $1.20 strike 12 months out, $2.00 24 months out etc. Now that would be an incentive to improve performance.

In an era where stock options (in particular in-the-money options) are on the nose, this generosity spread among all the executives - including those whose performance led to the recent losses - obviously hasn't found favour in the market.

Not a very clever move by corporate RDF!

I hold and am not impressed. Company still has a great future in the US red light and speed camera market, but this sort of corporate behaviour gets bad publicity.