Snowkat, I know.
Not saying I agree with it at all, just that the old board didn't really get a lot in the 'old days'. There was actually quite an incentive to get the SP up to a level where the majority of their options would pay off - i.e. above 22c.
The new guys have come in and been gifted a huge amount in comparison, where their pay off is at 9-11c.
Just look at the numbers:-
Old board 9m options at 22c
New board (/employees, Dalton & co) - 33m options at ~10c.
And the old board approved it. Easy money?
And the comparison is where I think they're coming from with these resolutions.
The new guys have already made their money. Makes me a little uneasy.
But that's not why invested. Still a lot to prove up with the twirly thing.
resolutions, page-10
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