Worth remembering for anyone researching the stock: aside from the calibre of mgmt we now have onboard, Paul Underwood's renumeration is structured as follows:
- Base salary of $100k - Options incentives ~ Class A: 15M @ 3c, vesting immediately. ~ Class B: 15M @ 3c, upon successful $2M capital raising ~ Class C: 15M @ 4c, upon TNP trading at a 5c vwap for 10 consecutive trading days ~ Class D: 15M @ 4c, upon TNP trading at an 8c vwap for 10 consecutive trading days
Very reasonable base salary package and it's always reassuring to see a director aligning himself with the success of the company, rather than holding minimal shares and taking a grossly inflated salary.
TNP Price at posting:
1.8¢ Sentiment: LT Buy Disclosure: Held