Bullboard - Stock Discussion Forum Prairie Provident Resources Inc T.PPR

Alternate Symbol(s): PRPRF

Energy Oil & Gas E&P

Prairie Provident Resources Inc. is a Canada-based oil and natural gas exploration company. The Company is engaged in the exploration and development of oil and natural gas, with conventional operations primarily focused on the Western Canadian Sedimentary Basin in Alberta. Its operating areas include Michichi, Princess and Evi. Its assets primarily consist of light and medium oil associated... see more

TSX:PPR - Post Discussion

Prairie Provident Resources Inc > Berthelet - stock options issued

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Post by filefish on Jul 02, 2021 6:17am

Berthelet - stock options issued

Didnt take long for the CEO to get stock perks. Why cant they wait a few months to see if the guy can generate positive results?

Filed 2021-07-01 19:08 Tx date 2021-06-28	$PPR Prairie Provident Resources Inc.	Berthelet, Remi Anthony 4 - Director of Issuer, 5 - Senior Officer of Issuer Direct Ownership	Restricted Share Units 56 - Grant of rights	+400,000 vol	400,000
Filed 2021-07-01 18:57 Tx date 2021-06-28	$PPR Prairie Provident Resources Inc.	Berthelet, Remi Anthony 4 - Director of Issuer, 5 - Senior Officer of Issuer Direct Ownership	Restricted Share Units 00 - Opening Balance-Initial SEDI Report
Filed 2021-07-01 18:54 Tx date 2021-06-28	$PPR Prairie Provident Resources Inc.	Berthelet, Remi Anthony 4 - Director of Issuer, 5 - Senior Officer of Issuer Direct Ownership	Options 50 - Grant of options	+600,000 vol	600,000

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Comment by Justhalffull on Jul 02, 2021 7:50am

Yes, 1,000,000 rights and options. Goes along with his reputation from previous positions. I just hope he makes $1,000,000 on them. If he does, I'll do well also.

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Comment by Amameal on Jul 02, 2021 9:29am

Yes, I agree. The chairman of the board should resign if the current CEO turns out to be a bad one. At the current price, the new CEO should buy a million shares from the market instead.

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Comment by Justhalffull on Jul 02, 2021 10:16am

1,000,000 shares would cost him only $70,000. He should buy about5 million to demonstrate his confidence in hi ability to turn this thing around.

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Comment by filefish on Jul 02, 2021 10:23am

Yes, and better yet, deduct a fixed amount from his salary to purchase shares on the open market every month. That will give him even more incentive to make things work. I really dont understand the idea of gifting shares to someone brand new and unproven, especially in the desparate situation the PPR is in.

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Comment by Amameal on Jul 02, 2021 10:21am

Am I asking too much?

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Comment by filefish on Jul 02, 2021 10:27am

No, I agree, but we had a chance to oust the Chairman a few days ago. In fact I believe he got only about 60% of votes in favor, which is not exactly a resounding approval rate.

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