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Hi Timboc, those 3Bs certainly aren't intuitive to read......

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    Hi Timboc, those 3Bs certainly aren't intuitive to read... although the 10m Incentive Options, Split into class A, B, C & D expiring 20 April 2021, are indeed existing. They were issued back in 2017 simply as part of the COO's package. Full info can be found in the appendix no.2 of the original 3B issue. Link - Oct 17 Appendix 3B

    Here's the detail of the classes though...
    FBR COO Options.png

    This 30m issue just gives them further capacity to be flexible with remuneration... which given all the concern many have with cash burn, one would think they would be more supportive of plans that allow FBR to retain good people and preserve cash upfront... instead of just banging on about dilution.

    Good question though... much more constructive than those that just like to have a whinge because they have a chip on shoulder and don't understand corporate finance.
 
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