Guys,
I think you will find that the lawyer stuffed up.... the executives options should ALWAYS vest in the event of a takeover.
As a shareholder I dont want UMC execs not considering a takeover because they will lose their options.... I want the execs to make a SQILLION if they bring a takeover to the table...
....the reason???.... the execs only make the recommendation.... we (the shareholders) decide. We want the execs to create the best value play for shareholders whether it is takeover or not a takeover... and the only way we can have that is if the execs interests are aligned with shareholders.
My thoughts are that the execs want this rectified ASAP (ie: the option agreements corrected to include vestment in takeovers) because they are hanging out on a limb while they are announcing very good drilling results.
The votes for Friday, IMO, should be a GIZZILION For....zero against.
IMHO...DYOR.
I hold ( more today than yesterday:))
Cheers, Tony.
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