The recent placement of shares was at a 17.65 % discount to the last closing price of 8.5 cents.
This represents a fair discount and does not justify the issue of options at a totally unacceptable exercise prices.
Unith is not a tightly controlled company, with the top twenty shareholders holding only 36% of the issued shares .
Only share apathy in not voting at the EGM, will result in this Resolution being passed.
Shareholders need to send a message to the directors, that the issue of theses options is not in the best interests of the majority of shareholders.
I have been a substantial shareholder for many years.
UNT Price at posting:
0.8¢ Sentiment: Buy Disclosure: Held
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