These guys are priceless! Not only have they been overly generous rewarding each other with vital company cash, but then they consolidate the shares at 40cents, watch the stock crumble and then issue a huge pile of options at 16cents!!!
How much more can you guys take? Guys sell this dog and move on over to v.PTA, where they are doing the right things....
CALGARY, ALBERTA--(Marketwire - July 24, 2012) - Santa Maria Petroleum Inc. (formerly Quetzal Energy Ltd.) ("Santa Maria" or the "Company") (TSX VENTURE:SMQ) announces that it has granted stock options ("Options") to purchase an aggregate of 2,355,000 common shares of the Company at a price of
.16 per share to certain eligible participants. The 2,355,000 Options are exercisable for a period of five years from the date of grant and vest as to one-third on each of the first, second and third anniversaries of the date grant. As of the date hereof, the Company has granted Options to purchase an aggregate of 4,503,759 common shares of the Company.