SI6 50.0% 0.2¢ si6 metals limited

Hi All, Just wanting some thoughts on the following resolutions...

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  1. 186 Posts.
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    Hi All,

    Just wanting some thoughts on the following resolutions - especially Resolution 7!

    Resolution 4 – Adoption of Employee Incentive Securities Plan
    Resolution 5 – Approval to issue Director Options
    Resolution 7 – Approval to issue Advisory Options:
    - The Advisory Options will be issued at $0.00001 per Option.
    - Xcel Capital is a related party of the Company by virtue of Mr Bulseco, a Director of the Company, being a substantial shareholder and director of Xcel Capital.
    - The Advisory Options will be issued at an issue price of $0.00001 per Option and a maximum of $125 will be raised as a result of the issue.
    - As only nominal funds will be raised from the issue of Advisory Options, the funds will be used for working capital.

    Is resolution 7 not concerning to anyone? Isn't the cost associated with fulfilling resolution 7 more than the actual expected money raised from it of $125?

    Or is this good value for us as we can expect some brilliant advisory services for which will greatly benefit SI6 and shareholder?

    Welcome any thoughts.

    Cheers,

    Ja
 
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