RE:RE:Adcor News Release
TruthInNumbers wrote:
"In connection with the engagement (the "Agreement"), Adcore will pay Virtus a monthly fee of $8,000 CAD. In addition, Virtus will be granted incentive stock options to acquire 150,000 shares of the Company, at an exercise price of $1.15 per share for a 4 year term" Not too thrilled about that part....
That is what, $172,500 over a 4 year term. This works out to an expense of $43,125 per year. $8000 per month works out to $96000 per year which is higher than the stock option method.
This company has excellent cost control as witnessed during the pandemic so I wouldn't be too concerned about this.