The directors of AIM Cesspit listed recruitment group ReThink (RTG) have today shown themselves up as crony capitalists who do not give a flying wotsit about shareholders and are in it for themselves - they are greedy tossers. That should tell you all you need to know – do not own this stock.
The share price of this company is 5.875p – well down on the IPO. The board has today cancelled 11,484,364 options priced at between 6.75p and 11p which lapse between February 2015 and April 2018. And instead it had granted new options priced at just 6.12p lapsing between November 2016 and June 2021.
In other words, under the new scheme, if the company can deliver share price growth of just 1.3% per annum then every single one of these new options is free money for the board at the expense of shareholder dilution.