re: Ann: Change to Executive Management of Co...
"11. 49.2m replacement options for those that lapsed." Don't see how that helps shareholders one iota - just means future further dilution if they are exercised.
As a holder of options that expired both in 2011-12 and 2012-13 financial years I would love to see my options replaced. Not sure whether the 49.2 million number is correct as directors held 30 million each from their suspect bonus taken just before the company was delisted.
Am hoping that replacement of expired options will be on the AGM's agenda, at a date soon to be announced, and that certainly will help a number of shareholders like me.
MAE Price at posting:
0.6¢ Sentiment: None Disclosure: Held