snouts in the trougfh ??, page-9

Hi SIJoe,
This is no scheme devised by consultants. This is a carefully thought-out plan by the directors. Very carefully thought-out. However it is quite obvious they believe they are on to something and they want a piece of the pie. As I said in my previous post if this share plan isn't approved the directors will get their piece of the pie via other means. Probably increased wages or granted options. This obviously uses the companies capital which will result in capital raisings to enable them to proceed with the necessary field work which in turn results in diluted share price.
It is an over generous scheme but it's a done deal.
It effects your holding & my holding very little.
What we need to do from here on is monitor the directors salaries closely and if excessive increases are requested we need to reject them.