In today's RNS the Trakm8 Holdings (LON:TRAK) boardroom have awarded themselves re-issued options on much better prices and granted extra ones on top as well.

To a board that has delivered a 90% drop in share price and have decimated shareholder value, this is a prime example of despicable greed. It is at least unprofessional and unethical to do so, if not borderline fraudulent against the owners of the company.

I hope the new NED from Microlise will step in and remove Watkins sooner than later, preferably along with his son and the Cowley brothers, all of which seem to offer 0 value to the company other than filling their pockets.

I still believe in the business story here but have lost all confidence to the board's credibility and I think this is a make-or-break moment for the company, unless there are some changes I don't think the market will trust them again and start to recover.

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