RE: The 1p bonus incentive25 Feb 2022 11:42
@pumky - yep, I'm one of those people.
My point being, I can't see Volz accepting warrants over cash if
1 - they weren't going to get their 500k
2 - they weren't going to get their 500k + a bit more back.
1p isn't the desired end game for either party, gut feel is that both sides are expecting an SP uplift (above 1p, not where we are now) once the line is converted - if not before.
My only fear is, with the changes to the BOD incentive to a flat 1p, that there's some dilution which means higher levels of SP aren't achievable for the initial incentive plan to work out.
It's still a LTH for me - but the longer it goes on the less confident I am of getting my cash back.
Just my opinion, DYOR.