Flipper, unless I'm reading it wrong it was only 50m for $145K issued due to :
"Issued pursuant to Employee Share Plan following shareholder approval on 18 October 2016"
As per the AGM....
“That, for the purposes of section 208 of the Corporations Act, ASX Listing Rule 10.14 and for all other purposes, approval is given for the Company to issue up to 50,000,000 Shares as Director incentive remuneration and grant a loan of $148,500 to acquire those Shares to Mr Steven Michael (or his nominee) on the terms and conditions set out in the Explanatory Statement.”
These are the shares that WE have loaned him........ Something to do with "performance" or lack of....
Correct me if I'm wrong..
Flipper, unless I'm reading it wrong it was only 50m for $145K...
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