Just some thoughts on the bonus issue. I think there's a pretty easy solution to this.
Instead of a cash bonus, why not dilute some shares to the value of their current bonus structure + 50% based on the current SP?
So let's say a bonus of $100,000 was on the table.
100k/0.78c = 128,000 Shares (approx.)
128 x 1.5 = 192,000 Shares (approx.)
The extra 50% accounts for the uncertainty the Board adopt vs receiving a payment directly. It also says we are atleast 50% confident of getting this across the line.
- The board get more than their bonus would have been if it had been cash.
- Cash burn decreases dramatically, increasing boards chance of realising their investment (as well as SHs).
- Increases Boards desire to get this done.
- Increases SH satisfaction with remuneration levels.
- Dilution is commensurate with what would have been spent on bonuses anyway.
- Good optics. Removes some of the ammo the naysayers have against us.
Instead of a cash bonus, why not dilute some shares to the value of their current bonus structure + 50% based on the current SP?
So let's say a bonus of $100,000 was on the table.
100k/0.78c = 128,000 Shares (approx.)
128 x 1.5 = 192,000 Shares (approx.)
The extra 50% accounts for the uncertainty the Board adopt vs receiving a payment directly. It also says we are atleast 50% confident of getting this across the line.
- The board get more than their bonus would have been if it had been cash.
- Cash burn decreases dramatically, increasing boards chance of realising their investment (as well as SHs).
- Increases Boards desire to get this done.
- Increases SH satisfaction with remuneration levels.
- Dilution is commensurate with what would have been spent on bonuses anyway.
- Good optics. Removes some of the ammo the naysayers have against us.
Last edited: