Weebit - 2021and beyond, page-2886

Merry X mas all

Just to clarify to anyone who thought those unlisted options handed out to the directors on 24th of Dec were free they weren't, they all have exercise prices which were the 3 day VWAP from around 20th September this year which equated to $0.823

These were granted at the company AGM at the time so whilst these look like good value now they were given an exercise price which was market price at the time which is effectively the same as them buying on market, with the obvious difference being they have till 2030 to exercise, and i hope that they make buckets of cash on these options.

So whilst Coby was handed 900,000 unlisted options to convert he needs to fork up nearly $750k

I just wanted to point this out as there is a very big difference between being handed free options and having an exercise price which at the time of issue was essentially market price, it shows they had and have strong faith in the future of this company