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3.23% 3.2¢ evion group nl

Is this even ethical? The Executive Chairman (BJ) has been...

  1. butcherboy
    16,523 Posts.
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    17/09/09
    14:14
    Post #: 5656163
    Is this even ethical? The Executive Chairman (BJ) has been buying EVGOA options like there's no tomorrow even though they are way out of the money and expire at the end of the year. Now he gets virtually free options (1 for 2) extended for another 2 years with a much more reasonable strike price of 15c. How would the recent sellers feel, particularly if they had sold to him? I realise he cannot vote on the resolution.

    Otheriwse I think its a good deal for shareholders and option holders.
    EVG Price at posting: 8.6¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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