Yes FS you are correct. On page 29 of 33 in the 11th Sept announcement IK was seeking approval to apply for 8,333,333 heads and 6,250,000 MNMOB's, in my haste I was excited to see him taking on another 14M+ shares, and assumed they were MNMOC's the same that was offered to us. As you are aware these shares have been approved for IK. The best part about being wrong is that I now know his MNMOB options mature 30th June 2016 (7 months)!
With 14.8M heads, 6.8M B's and 161 577 C's, IK is certainly backing Mantle to succeed, he has committed half his income for the next two years, looks as though he is very confident of our future.
Scim
MNM Price at posting:
1.5¢ Sentiment: Hold Disclosure: Held