Ann: New Executive Contracts provide cost savings, page-8

re: Ann: New Executive Contracts provide cost... Anyone would take the new directors salary package, over the old one.

The options are designed to give reward for performance.
If the options were set later last year when the shares were trading at 7 cents, then the option would be at say 20 cents.

Why would the options be set at all time low, and at a time in which Albers was injecting $3 mil. and Blade has just recommenced exchanging documents. That’s a false start.
At least wait for that news to impact the sp market and either set the options now with a sp of 2.6 cents, making the options at 9 cents.
Bringing in Albers is not a true reflection of the two directors performance.
Actually I would set the options after the agreement between Blade and Raisama is concluded. The sp should be say 8 cents minimum.
Then the performance of the two directors can commence, so options at 18 cents. IMO

At current option level of 5 cents, if the sp is at 8 cents after the conclusion of Blade negotiations, with 10,000,000 options that's a profit of $300,000 which is unrelated to performance.
Also the loss of salary during that two year period is only $150,000 so true profit is only $150,000
Is that correct? So whilst the option is at 5 cents, the effective break-even point, after taking into account the loss of salary is 6.5 cents. Is that correct?

Note if the negotiations btw Raisama and Blade only achieves what Blade initially offered then there is no performance made by the two directors, as blind Freddie could have done that. For those two director to impress the sh we want a surprise to the upside. Then they get to have options and roll their positions over as directors which expires on 30 Sept this year.

The 18 months termination pay was also a barrier that has now proposed to be reduced to 6 mths.

I must say holding off the arbitration and saving legal fees was probably a good thing, but I can say the announcements to the sh over the past 18 months has been bordering on misleading IMO. Blades dispute with Raisama came as a sudden shock to most sh, but actually the dispute had been running for a long time prior to that Ann. There are other examples.

I am pleasantly surprised with the increased flow of information, via Anns, from Raisama over the past few months. Also the new faces in the company will all assist is a fresh feel.

Note I always feel privileged to be able to buy into companies via the share market, but I do feel in the case of Raisama mgt until recent times has been seriously lacking. Maybe that has now changed.