Bit by bit the options are converting early...showing that people have great confidence in EVG and management.
It's also bloody good for our cash flow.
I think we started out with around 206.5m 15c Dec 2011 options.
The most recent 3B suggests there is only 172m outstanding, so 17% have already converted for around $5.3m cash.
Certainly there's plenty of evidence that Brian has converted more than a few..proving again that he is prepared to put his personal funds into the company. The long term holders will remember that he kept things together when Mac Bank were dragging their heels as only a bank can do. That's why I think it is entirely fair that he has the option to rearrange matters as he is obviously doing as per today's notice.
EVG Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held
