MAE 0.00% 0.0¢ marion energy limited

will try again, page-26

  1. 1,451 Posts.
    I don't think it's either of those, the statement says he was appointed April 2012, he was also given 193000000 options at 0.006 cents. I would think its more likely they paid the guy in options for his legal services rendered over the past 12 months. Last time they have scrip away at 0.003 cents for 100 mill shares to km.

    So they pay their bills with shares, this guy has a win win situation. He provides some of his time in return for a potential windfall if he can salvage legal issues. If not he walks away loosing nothing but some time.

    To exercise his options cost $1.2 mill.

    Big question is why if he was appointed over 12 months ago are they Ann now ?
 
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