Ike lent us one of their units back in 2005 for field trials, doing seismic drilling in Western Australia, recording shotpoints etc. It was one of there very early units and it was clunky but worked, ultimately the data we got wasn't worth it for us at the time but I saw potential in the company then. I'd kind of forgotten about them since then, good to see they've kept developing their solutions and are still headquartered in humble old Newtown.
I like what they're doing, picked up a little packet this morning.
Disappointed Bill Morrow has been issued 250,000 options, that have a strick price of 64 cents and expire 31/12/2021.
Current sp is 75 cents.So without adding any value, Bill is already $27,500 in the money.!!
No incentive for Bill to add value for shareholders.
Perhaps they should have had a strick price of $1.00.?
Disappointed Bill Morrow has been issued 250,000 options, that have a strick price of 64 cents and expire 31/12/2021.
Current sp is 75 cents.So without adding any value, Bill is already $27,500 in the money.!!
No incentive for Bill to add value for shareholders.
Perhaps they should have had a strick price of $1.00.?
IMHO Golden handcuff he may have wanted to leave , one way of keeping someone imo .
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