Well unfortunately hazer BOD allowed 10m series E options to be converted to HZROs, effectively endorsing options to be traded. So I think it is reasonable for those 700 optionholders to feel aggrieved. So I do feel as though the BOD should bear some responsibility, as they were the ones who approved the conversion.
HZROs were meant to be traded, why else have them as listed options. On the other hand, series E were never meant to be traded, yet the BOD allowed it.
The share price last year was contained due to Macs selling, and why wouldn’t they sell their shares, they had 10m in options as a safety net in case price sky rocketed. And when the price didn’t rocket, the BOD converted their options to HZROs.
I feel like me and the other 699 option holders have been f$@&d by the BOD due to this decision to help out poor old Mac.
They would certainly have had inside information this whole time. No doubt Pocock has told them what the royalty is, so how is it fair to provide them with further advantages?
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4 | 7842 | 0.300 |
1 | 166 | 0.295 |
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Price($) | Vol. | No. |
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