Re Promised 2008 Prices I told you what you would find here, so stop laughing. Tell the guys to keep their feet out of the oil. Add this to what I gave you. In April, 2008, the YNG CFO sold his large block of shares , and got $1.46 . Smart man, he had foresight. He left YNG in early 09, richer than when he came in. Kinda typical for YNG management. A poster on this board claims the CEO dumped a large block before the collapse, but I can't find that entry.
You guys will not believe this. YNG lost over 50 million dollars( $50,000,000) in the 1st qtr, 2010. So YNG granted "PERFORMANCE OPTIONS" to the CEO and the COO to the tune of 12,000,000 shares, EACH! 24,000,000 shares total , for their" PERFORMANCE". I guess if YNG had lost over 100 million dollars ($100,000,000) their PERFORMANCE OPTIONS would have been doubled . And we thought BP had problems! And get this. With a BILLION YNG shares outstanding, (1,000,000,000), YNG is going to "grow into the shares". Keep your feet dry , and stop laughing. This is not funny to me. Maybe more over the weekend. ICE