There are some truly amusing attitudes here at HC.
As far as I am concerned - Oleg is a genius!
The guy has just raised circa $40 million, 260% more than industry experts considered possible. At a price double the six month SP low. And all rushed through prior to a quasi finance sector collapse.
Now we sit on a monster warchest, pending major Australian strategic defence review, all the while receiving major worldwide news coverage for our products and defence solutions.
And I pop into HotCopper, to read odes of doom and gloom, written by a wisdom of writhing and entitled wombats.
I think Oleg would rather you just said 'thank you' - and were on your way. Eitherway, he wouldn't give a damn what you think you are entitled too. (Quirky and appropriate 'A Few Good Men' reference)
Importantly now - the upcoming AGM. It is no secret that I have been highly critical of ZEPOs in the past. I loathe them. The recipients must have some skin in the game for the options to effectively incentivise.
I have no doubt that ZEPOs were the reason for the 2022 strike. So it seems the Board has learned. No ZEPOs on the agenda!!
I do note that resolution 6 relates to the issue of up to 50 million options to employees - I believe this is a reasonable request. Does anyone here with a legal background hold any concerns about 6?
Assuming no issues are identified - I will likely vote YES to all resolutions this year. However, if any ZEPOs get issued under the incentive plan - it will be a big NO from me when it comes to ratification in 2024.
Happy days all. And even happier days ahead no doubt.
So how will you be voting?
SK.
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