Ann: Change of Director's Interest Notice, page-3

YOW is not a spec miner. YOW is a retailer who should by now have been cash flow positive and profitable . Rewards should be aligned with profitability going forward with large hurdles

being realistic her freebie options where she pockets $14000 for every cent above 28.5 so she is up 30 grand on the day for the sake either putting up exercise cash or using a broker who provides the facility to exercise. Bit of a no brainer. Yep happy to see YOW have another 399k in the kitty but realistically as a shareholder they shouldn't need more cash and you just got diluted slightly.


The 347218 Achievement Award Performance Rights vesting at no cost gives her $105000 for performance from a 18 months / couple of years back?? Bit more dilution for all holders.

question is will she exercise her million at 76.6 in december 17 ?

All shareholders at times of votes have to understand that they vote on the issue of these "performance / incentive " shares and need to send a message to remuneration committee that sizable hurdles need to be in place IMO and aligned with normal holders. These people are on good $ to start with and YOW is bleeding cash expenses and YOW has not performed to shareholders expectations in the marketplace or on the financial reports but management are getting very well rewarded. Larger instos need to start using the only leverage they have with their votes to send a message IMO.

You can't keep giving away a risk free % of the company as it is dilutionry. At some point they need to invest their own cash if they want further exposure to company and have same investment risk as normal holders. Free, vested and cheap option shares can simply create a constant overhang on the market in small cap stocks.

On top of all that each issue costs YOW cash in exchange fee for listing securities and in corporate costs. It all adds up.