To be honest I dont think we have the numbers to block the options going through, & directors more then likely have the numbers to push it through, but as shareholders we need to send a message to management that a second batch of free options & further dilution is a kick in the teeth to shareholders who have seen no significant return since new management have come on board:
Directors already received the following free options October 2009:
IDG OPTIONS (i) 8,000,000 ESOP Options to Mr Pynes; (ii) 8,000,000 ESOP Options to Mr Kestell; (iii) 2,000,000 ESOP Options to Mr Hardie; and (iv) 1,500,000 ESOP Options to Mr Fitzgerald
TKA OPTIONS (i) 5,000,000 TG Options to Mr Pynes; and (ii) 5,000,000 TG Options to Mr Kestell
I see no reason why the following free options need to be issued:
IDG OPTIONS Peter Pynes 10,000,000 Director Options Tim Kestell 10,000,000 Director Options Paul Hardie 1,500,000 Director Options Matthew Fitzgerald 1,000,000 Director Options
vote no!
Dyor...
IDG Price at posting:
40.5¢ Sentiment: None Disclosure: Held
