the $6.50 oppies, page-26

What has any of this thread got to do with the expired $6.50 oppies ? can we get back on topic- Will the company issue loan stock to compensate for these expiring worthless

They have approval to issue up to 5% of the total shares on issue to staff, directors and contractors which is close to 10m shares - vote was approved by shareholders - a lot of companies are now going this way because as we have seen with director Hutchison he has paid substantial tax on what has turned out to be no benefit,

The loan stock arrangements are far more tax friendly for the recipients than the old black scholes option calculation.

Hoot