Do you think that shareholders that participated in last years 8 cent rights issue, over 1 year ago, should feel happy now cause the shares briefly traded at 8 cents? I think you have no idea what you are talking about. Even if the shares were to magically trade at $1 next week, this would not change what took place last year. And I can also assure you that some shareholders feel extremely angered by the sheer arrogance of the directors awarding themselves 5 million free options with a five year life and 20 cent exercise price. On the one hand we are told of the huge potential and on the other we are told that 20 cents is a high exercise price (in regards to directors options.) I do think that this company has excellent potential but shareholders that stuck by them in a very tough market have been treated badly. These are not just my comments either. Directors were rewarded for their loyalty but not shareholders. a very stupid and clumsy decision.
MIK Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
