GREY:TCEGF - Post by User
Post by
2investorknoton Nov 01, 2018 1:00am
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Post# 28906079
Interesting concept of "incentive"
Interesting concept of "incentive" The Company also announces that, pursuant to its stock option plan and subject to regulatory acceptance, it has granted an aggregate total of 3,900,000 incentive stock options to certain directors, officers, employees and consultants of the Company, subject to certain vesting provisions. These options will be exercisable at a price of $0.07 per common share and will expire on October 30, 2023. On October 29, 2018, 2,925,000 stock options issued to certain directors, officers, employees and consultants expired. (My note-- these were priced at .11).
So let me get this straight.... Todd allowed the 2.9 million options to expire but then they issue 3.9 million options priced approx. at .07 which is 35% lower than the .11 expiring options. These options are labeled "incentive" but were at the existing share price. Not much of an incentive in my book.
It was nice that Todd through Waterton finally mentioned some actual drilling that is taking place though I don't recall them telling us much about it ... ie when they started or any type of timeline. But at least it is better than silence these past years so I am grateful for that!
I still would love to see Todd Hilditch removed from the Board for more accountability.