I think the options are a breath of fresh air. The strike price of the 3 tranches is 2 cents, 3.5 cents and 7 cents respectively, all above the current SP and the SP at the time ERM led the 249D.
It aligns Mr Aitkens interests with the that of the SH's.
Even though the top up mechanism is overly generous to ERM the whole thing is structured in such a way that ERM will only make money if the SP rises.
And that is a good thing!!!!!!
Cheers,
Simonmag
EPW Price at posting:
$1.86 Sentiment: None Disclosure: Unspecified
EGO Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held
