@Norman62 not one person on here has objected to the proposed incentive scheme per se. The issues discussed here tonight are the price of the shares to be granted and the timing of the RNS. Most Companies issue incentive shares at the current price, but the REM BoD has issued them at par, i.e 0.01p as opposed to 1.5p, which results in two things: 1) 5% dilution to existing shareholders and a £4M immediate windfall to those who will benefit from the scheme. The BoD can then repeat the whole process.
For the life of me I can't understand your comment that "this means means the shares are well valued" IMHO it means the exact opposite - the BoD has no confidence that the current price will be exceeded... R
I have made it to the end of the squabbling and bickering, hoping against hope to find some substance. All I can say is that anybody seriously invested here for significant long-term gain should be delighted to know that the directors, employees and consultants of REM will be incentivised to deliver our wealth. Simple. Or tell me what I'm missing.
it's nothing like a rights issue... although short term affect on the sp will be similar... the beneficiary to this subscription is the company alone... they then use the shares as currency... which i assume will be used at max value to the sp at the time and due account of the future potential value...
Mr E Musk, will probably want to hook up with Kiran once the important consultants are onside and the locals get to feed at the second wave...the resource just needs proving properly in the meantime...
The gigafactory/customer needs surity of supply without the Hispanic workers whinging about getting welly boots stuck in clay all day long.
I am very happy to see the incentive given to the important staff of REM. This means the shares are well valued. Giving the staff a good incentive to perform and keep them within the company. Good move! Thats the way you motivate people! Kind regards, Dutchman
1. WHY HAS HE DONE IT, well in my eyes this scheme he has set up will speed things up a hell of a lot now going forward, thinks are going to start to move pretty quick over there.
2. HOW CLOSE ARE WE. Well i think once the team have provern up 50 tons a year grade going forward we will have some deals being done% etc.
3. TIME SCALE End of the year i expect big things here and i have been here for 14 months kicking myself for not averaging down in the winter months, i think everyone here or most of us over the last 12 months have made some form of profit from the rem stock.
4.GOOD LUCK. Why did you invest look at the big picture lithuim is all over the news recently, and this is just the start, watch discovery programs, and you will see TELSA motors, this is just the start and its going to get an awful lot busier as time going on the demand will be more and more. Sell in the morning if you wish,but dont come back here in a few months moaning saying why o why. gla
isn't this de-ja-vu... we have had this before... it make complete business sense for the company to pay to subscribe these shares to then use them to pay consultants and where necessary staff incentives, bonus and even salaries... they are paying c£4m (based on todays close) worth of fees and what not for the net cost of £27K to the balance sheet... ok so we will open tomorrow at 1.42p'ish but this is much much better than using cash in the bank and money we have loaned (earmarked for the 49.9% jv hopefully)... only fools will sell in the morning... those with the brains and the braun will be buying at this new recent low...
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