You still haven't read the announcement. Maybe spend a bit less time rambling away on the keyboard and a bit more time reading the announcement.
Buddy:
"One more thing, did he (RC) collect that $250k dollar sign on fee when he started as just a Temporary CEO?"
Announcement: "?A$250,000 sign-on fee subject to and post shareholder approval of RC director appointment and shareholder approval of options arrangements at subsequent EGM"
Buddy:
"#1) When do the options expires? Have they got a finite term life with them???"
Tranche 1 - 3.5 years (as per announcement) Tranche 2 - 5.5 years (as per announcement) Tranche 3 - 5.5 years (as per announcement)
Buddy: "#2) How come then that JH's options had a finite term of life with exercise prices ranging from upwards of 28 cents??"
Maybe we should have set the bar a little bit lower for him. Might have given him some incentive to actually get something done in the past 7 years instead of wining and dining at conferences in new York. Also believe the share price was at a much higher position during the IPO and went downhill under JH through dilution etc. Given the current market cap and shares on offer, I think you'll find the options are equivalent in terms of the growth required to reach hurdle point.
Buddy: "#3) Can RC on sell his option package to any would be takeover suitor?? This is a serious matter that hasn't been brought forward to our attention. Is it not? WHY..!!!"
What were the terms of JH's options. Was he legally prevented from ever selling his shares?
I hope I've managed to answer some of your questions, but please, for (@#E! sake read the announcements before blabbing on as per your usual MO. Again, quality not quantity of posts.
CTP Price at posting:
46.0¢ Sentiment: Hold Disclosure: Held
