RE:This part is the best thoughelMickster wrote: Pursuant to Mr. Phaneuf's retainer and the Company's stock option plan, the Company has granted stock options allowing him to purchase a total of 1,000,000 common shares. The options expire 5 years from the issue date and have an exercise price of $0.14 per share. Every three months, 25% of the options will vest such that all the options will have vested 12 months after issue.
The Company has also settled outstanding consulting fees and a contract signing bonus to Mr. Phaneuf of a total of $63,000through the issue of a total of 450,000 common shares of the Company. These shares have a statutory hold period of 4 months and one day.
it amazed me how these " managers " keep getting jobs after bankrupting companies. Look any guy bourassa from nmx and t-Tex he's a perfect example . Jcp is in the same league imo. I guess it's who you know and not what you do.