... MTV bb vision as you would see GedW grinning from ear to ear at the banter. Never a dull day reading replies to GedW.
GedW is here because of the vested interest but cannot help delivering up, feet firmly on the ground, info for better or worse. If you do not like it then filter and press the "off" button. No-one forces or pays you to read it, you just get yourself all windy up likes! If you don'ts like it don't read it. Or do you think GedW will poison MTV investor's minds. Either way GedW feels no guilt!
We all have to swallow each others offerings if we want to but you cannot deny MTV is very much a developing story tinged with history!
Oh dear these opinions will stir the hornets nest!
We appear to be continuing where AB left off, nothingness. No news no shareholder value upside! Cheap options allotted and announced the day after AGM so that they could not be argued over! No significant share buying from the new order so where does PINN go from here? I personally am looking forward to the replacement to AB announcing significant corporate upside and the new Sir's substantial shareholder revealing why he, as a retail "guru", has invested in a B2B managed et al service company. But in view of the recent corporate structure changes, the benefit of my doubt screams a buy, as there are far more corporate reputations at stake other than mine.
Considering an offer was on the table at 21p/share and rebuffed as "opportunistic and undervalues..." Then 21p northwords should be an easy task, after all the 21p/share prospective offer was a mere 8 months ago!. No these options are a freebie and is not a challenge nor performance related, if they were the options would have been at a higher exercise price, certainly above 21p.
He is being awarded options not free shares. If he works the SP up to 25p, he gets to keep the 10p difference per share if he buys and sells. £100k less income tax = £60k . I don't know what salary package he's on but if he gets the SP north of here he deserves a reward.
The Board has granted options at "being a 20% premium to the closing middle market price of the Company's ordinary shares on 28 February 2014". Some 25% less than the best offer for the outstanding shares at 21p earlier in the year. If those options were in any way geared to be an incentive to perform, then they should have been granted at an exercise price of 25p upwards to 40p in my opinion. The grant of these options is a steal and nothing more than a freebie, and will be seen by the City and market as such.
Scallan given 1M options at 15.6p , I suppose part of his package agreed before he started. Vesting in 3 yrs lets hope he makes them pay and I mean a lot more than a couple of pence. £10k a point less tax, I hope he's aiming high.
Clearly this buying is having an impact. There has been talk of takeover potential from CTP but this has not impacted the SP. Lets hope we continue to get news of increased share purchases from PI and this will move up the shareprice.
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