Autoflight,Quote: Would board member(s) be negotiating...

Autoflight,

Quote: Would board member(s) be negotiating continuation of their position(s)to cover the case of a serious change of share ownership?

The idiot Peter Cook stands to gain the most. In a take-over, the idiot will be paid out 2 years of remunerations and all the options he has been building up will be paid out too.

It is absolutely mind boggling for a CEO to talk down the company. A lower June share price means a higher number of share options. At the rate Peter Cook is acquiring his share options, his options and shares will out-weight the top shareholder of the company very soon if it has not already occured.

Just to give readers an idea, let us look at the skyrocketing Employee Options and Converted Ordinary Shares from 30/06/08 to 13/07/2009

30/06/2008 Appendix 3B
10,940 Employee options awarded.
20,350 Employee options converted to shares

16/07/2008 Appendix B:
375,685 Employee options converted to shares

19/09/2008 Appendix 3B
601,891 Employee options issued as Equity Retention Scheme
334,145 Employee options issued as LTIO

Quote: In the case of the CEO, new share issues are subject to shareholder approval. 976,300 LTIOs have been approved by the board and are subject to shareholder approval at the 2008 AGM. These LTIOs are not included above or in Q9

30/10/2008 Appendix 3B
4,477 Options lapsed due to resignation.
520,000 LTIOs issued to Peter Cook


19/12/2008 Appendix 3Y Change of Director`s Interest Notice P Cook
456,300 LTIOs issued to Peter Cook DESPITE shareholders voting down the resolution to reward Peter Cook 456,300 LTIOs after his idiotic GSK settlement and grossly dishonest statement blaming Peter Molloy for the FY loss.

No of securities held after change by Peter Cook:
141,200 Ordinary shares
132,943 Options vested
60,629 Options unvested
520,000 LTIOs
456,300 LTIOs unvested - Allocations of options where shares will be acquired and held in trust.

02/03/2009 Final Director`s Interest Notice (John Grant)
MF Custodians : 807,551 Ordinary shares

30/06/2009 Options Lapsing – media release
123,747 options lapsed in relation to former employees.
A reconciliation table shows:
1,051,383 Employee Options – employee retention incentive
2,803,307 Employee Options – LTIOs
456,300 Employee Options – LTIOs where shares have been acquired and held in trust.

13/07/2009 Appendix 3B
383,265 Employee Options now converted to Ordinary Shares


Rumours have it that the about to be released FY results have Peter Cook rewarded as if he single handedly increased Relenza sales