The old story here. issuing of millions of shares (basically for free) to directors for simply doing their job.
Excuse is that they have a bigger workload.....
Better for shareholders if they get options at 20 cts. rather than .001 ct performance shares ($5000) each director vesting at 20cts. So in my case they would pay $1,000,000( 1 million dollars) each for the shares , should they exercise the options I suggest...but instead shareholders are asked to approve they get 1 million dollars worth of shares for $5000.
Directors asked to do their job. No doubt they will increase their directors' remuneration policy upwards at their next AGM. Plus all expenses paid for the "extra" work they need to do.
CO1 Price at posting:
10.3¢ Sentiment: None Disclosure: Not Held
