Have any of you check the options expiry dates recently?
Paul has worked hard for this company, literally a lot of his options and some other people's options will all expire mid feb this year.
Via last year's agm, options were issued:
Tommy has 30m at 1.5c
Po has 20m at 1.5c
Paul has 20m at 1.5c
Paul also has the 15m shares at cost of 2c from the ESS loan.
Paul also has bought some other shares when he came on board and so on.
So all in all we should do alright out of this deal because 1.5c is the min in the exercise price, they wont be exercising if the share price is 1.6c unless they really need money. If the share price is at 5c and above then directors and Paul will get their handsome reward.
I dont mind us giving them opppies as long as its out of money for a while and it gives them great incentive to do well.if you have skin in the game the more you have the harder you will work to reward everyone
