RE: RE: RE: RE: Where's the money frankbanker from CIBC...Those aren't free shares given out to directors,officers,employees,and consultants of the company but must be purchased from the company.....eg 25 million shares at .60 cent. The company raises 15 million bucks or 25 million shares and the shares are trading at $1.00 company raises 25 million dollars or shares at 5.00 company raises 125 million dollars.....thats the way I read it anyone else.........
frankbanker, take a better look at Allana's financial statements because the one I see from Jan 2012 under section 5 page 10 section OPTIONS: I take as the above ......So nothing for free I believe
Options
The Company has adopted a stock option plan, "the Plan", to be administered by the Directors of the Company. Under the Plan, the Company may grant to directors, officers, employees and consultants options to purchase shares of the Company. The Plan provides for the issuance of stock options to acquire up to 10% of the Company's issued and outstanding capital. The Plan is a rolling plan, as the number of shares reserved for issuance pursuant to the grant of stock options will increase as the Company’s issued and outstanding share capital increases. Options granted under the Plan will be for a term not to exceed 5 years. The plan provides that, it is solely within the discretion of the Board to determine who should receive stock options, in what amounts, and determine vesting terms. The exercise price for any stock option shall not be lower than the market price of the underlying common shares, or at fair market value in the absence of a market price, at the time of grant.
Do you think I am a low level basher or something? I am actually pretty informed and make sure I do my DD....before sharing this info with the rest of the board.
Tell me if I am reading the above wrong because you are pretty quick to tell me that I am mistaken....I read that 10% of outstnding shares can be issued as options so thats at least 25 million every year going fwd....