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clock Created with Sketch. 27/03/16
23:20
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Originally posted by pj
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Someone else touched on this and I can’t remember who, so apologies for any plagiarism, but there is another possible interpretation of management’s allocation of a reduced option premium and active fixation of a lower exercise price and that is that somewhere deep down they recognise that the character of FAR has changed and that its more akin to an investment company and no longer a spec. Rather, they appreciate that dilution is inevitable, their elephantine prognostications to shareholders will not be recognised until they are proved up and that one way or another the work done* will be more gradually translated into market appreciation over a longer period of time than most of us would like and have priced the options accordingly.
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Don't suppose the ideas in that post will be overly appreciated so perhaps I might add, and perhaps we are already seeing evidence of this, that with the highly credentialed management to whom we have offered such an excellent option deal to retain (but yes, no more enough is enough!), our little FAR will be packing a punch far above its weight and won't be told what to do and what to say.
Last edited by
pj :
27/03/16
(20min delay)