You are joking aren't you ??
At 23c by the end of May the SP is 8c in the money with 4 years to run!! A little over 50% return even if they can't sell straight away.
There is quite a band of company execs that think they can dream up these cute deals where they get OVER rewarded for what they are actually being paid a reasonable salary to do. The obfuscation that goes along with the resolutions should be part of "Lawyering 101" at Harvard University.
What's wrong with a resolution that rewards them if "A" is achieved at "X" time they get "Z" not this longwinded crap that 95% of shareholders don't really understand because they have fallen asleep at sub clause 43???
I won't be changing my mind unless TB convinces me with an explanation that really shows that the execs are worth this amount of money - remember options have a value that comes out of our share of company wealth. At the moment the proven oil outputs would have to be a LOT more than they are now......
Another red required now - venting is exhausting work :)
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