You are and it leaves a bad taste. However, as I understand it, these options have already been earned according to the listing prospectus ... that is the place to look in order to establish the precise nature of the award. Whether we find that what is printed there is reasonable is another matter. In terms of negative effects on the company, this is equivalent to us giving away less than 3% of the share capital, i.e. logically the SP ought to fall about 3%. Of course it won't ... in my view, previously posted, the company is very cheap indeed assuming we don't see a slowdown to its business with a consumer slowdown, a question we are obviously all asking ourselves.
Putting things into perspective, the shareprice performance post IPO has certainly been worthy of such rewards, but I would very much like to know how management are incentivized for the future!
Tronox stock quotes
Tronox stock charts
Follow this thread
