Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Here’s yet another similar one that everyone can register for next week.
https://twitter.com/seeingmachines/status/1637665264610189312?s=46&t=4iTTGsTkdFoiL-buaEhdWQ
There are risers and fallers every day of the week under every manner of circumstances - you can’t blame the banks for our poor showing - all down to lack of contract news and uncertainty about our own future . Nice that directors have bought but not convincing market.
And to highlight that fact more evidence of Teslas woes !
https://stocks.apple.com/A3xBUd8eLS8-8QV-Y_NQiWg
CFP - if you’re going to continue scaremongering on here, please do it with something we should really be concerned about rather than fabricating facts. Ive will have made a substantial amount of money in his previous company and has clearly stated recently he’s come to do the same here for Seeing Machines. Next thing you’ll be telling us he’s been dipping into the Canberra petty cash box, but that can’t be true, because we know Paul keeps it in his bottom drawer.!!
You know what I absolutely agree Seeing and who gives a flying duck about how he funds his options - the only desire is to see them IN the money as that benefits us all. So much time here speculating but truth is I want to be talking about new contracts !
Sorry to sound like a tax expert which I’m not but when share options are exercised it counts as income in the tax year and therefore subject to PAYE or it’s equivalent in Australia. CGT only kicks in on actual shares held then sold subject to available allowances in the jurisdiction.
I don’t disagree Seeing and the question is at what price does the SP need to be to prick his conscience enough to let the options lapse. You’re right it doesn’t look good taking a small profit and his reputation wound be enhanced if he said I’m in it with all the rest of my shareholders. Of course the unimaginable could happen and he could persuade the Board to re strike the price - hasn’t that already happened once before but we’ll save that debate for another day. Hasn’t it come to something though when the chat on here for the last 24 hours has had to resort to share options. No amount of Director buying is going to lift this share only contracts !!!
Look CFP ( to use a Paulism) - I don’t think anyone on here would disagree that we’re all mighty P155ed off with the SP and yes what at the time they were issued looked a very low strike price. None of us would have minded if he’d driven the SP to over 10p - the plain fact is all our collective wealth has taken a dip in the short term so it’s more emotive. PMG was granted those shares as deferred compensation and and incentive for shareholder ( including himself) value creation but he would argue DMS/ OMS market evolutionary circumstances have deemed take up and contracts are delayed so not his fault. Personally speaking I still think a savvy PR strategy could have had us over 10p with all the incredible things in the works we know here but it is what it is. Is he going to fall on his sword for the company and not take up his options at 5p - I doubt it - at least we get another $600k of working capital to add to the pot !
CFP - glad to clarify but again something else you’re not understanding. The company has already issued those shares and they are part and parcel of our 4.2bn capital. Options issued are normally ringfenced in there awaiting exercise. That is part and parcel of the grant process. The company has nothing directly to do with the transaction and PMG will have been designated a broker to deal with any prospective exercise. As the shares have already been issued this will be an open market transaction - he will contact his broker, exercise, sell and either keep his profit in shares or be left with cash. Likely wil pay tax on tge profit as well whether he takes his profit in shares or cash. The broker will then settle up with the company from the sales proceeds the cost of the options exercised.
A lot of misunderstanding here about options - he absolutely will take up his options if the price is over the strike price as it’s part of his deferred compensation. Why would he pass up that profit. It’s more than common for someone and I’ve done this many times myself, to exercise all the option grant, sell enough to pay for it and keep the profit in shares. We’ll find out at the end of June one way or the other.
CFP - as long as the options are in profit he doesn’t need a penny of his own money to lay out. He exercises all 12m then sells enough to pay for them- the exercise and sell methodology - the difference is his profit - hopefully!
Been exercising shares like this for the last 30 years so I know what I’m talking about!
The only reason he won’t exercise is if the price is below 4.41? If the price goes down to 5p and the deadline arrives he simply exercises 12m options and receives £600k out of which he pays £529200 for the options leaving a profit of £70800. He doesn’t need to put a penny of his own money in.
The question is, having seen the price hover around 7.5p for some time and an inherent profit on his options of £370k, what is he waiting for. Perhaps he knows or hopes good news will be released and so price will shoot up. Perhaps he’s been surprised by the markets negative reaction to no news at all and it’s all falling away. One of the questions I sent in last week which wasn’t asked was ‘Paul what do you lay in bed at night worrying about’ - highly likely it was his option profit disappearing !
Here’s a really interesting study that I’m sure could have many more uses beyond its initial automated driving brief. Once again Dr Mike very much in the frame!
https://www.sciencedirect.com/science/article/pii/S1369847823000487
STP couldn’t agree more. I lay the blame for the SP drop firmly on the Company and their lack of a well Co- ordinated PR strategy. In the words of a well known statesman ‘ they never miss an opportunity to miss an opportunity’
Let’s hope we start to see some graphs like this !
https://stocks.apple.com/AW3Qx_t4oRNGAZNEHlTX0rw