AOA 0.00% 0.2¢ ausmon resources limited

Heavy Directors share sales & low on cash, page-12

  1. 1,918 Posts.
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    I’m referring on this furniture …

    Resolution 2: Issue of shares to Director Mr Boris Patkin under Employee Incentive Plan 2016
    "That approval be given for the purposes of Listing Rule 10.14 of ASX Limited and for all other purposes, the issue of 5,000,000 fully paid ordinary shares in Ausmon Resources Limited at an issue price of $0.007 per share and the provision of a loan of $35,000.00 to acquire the shares to Mr Boris Patkin under the Ausmon Employee Incentive Plan 2016 on the terms summarized in the Explanatory Statement."

    As if he needs a loan of 35k ....ok the guy doesn’t get huge wage but is that the best he can do ?
 
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