Laurion Mineral Exploration Inc V.LME

Humor Me

[littledude28]

If there was a multi-billion dollar deal going on in the background, don't you think we'd see an increase in the SP and high-volume days consecutively leading up to the BO announcement?

There are always whispers and insiders, everyone would be trying to get a piece. Even if all of the F&F are already tapped, wouldn't there be major institutions and other F&F on the buyer side trying to get in?

I am still long LME but I don't think this deal is as imminent as we think. I'd love to be wrong though.

[Anthony13]

I completely agree with you brother .... there would be a leak somewhere.... 

[matlas]

My take: 1) There were a couple of high volume days last week-my guess, as previously stated, is that these were "F&F" of "F&F" who we told to buy-in-there was enough of a supply to allow these buys without big price increase, and 2) Because of what happened last year, when there were widespread rumours, other people are cynical about LME and not willing to buy based

[keen2know]

I agree with you.  There is absolutely no disrespect there but I also cannot understand the options that Steven Hunter has, considering it's a relatively small role to keep us all in check.  $10 buyout = $2,500,000 or Matlas Koolaid buyout of $30 = $7,500,000. Both of which seem extremely high for what may be a few months. I do not exoevt there there to be a buyout within the

[Primpage]

In my mind, he only received $100,000(250,000 shares @ 0.40) and Steve chose shares/options rather than the cash. Considering he isn't privy to any buyout conversation it's his risk to buy shares rather than cash. But if he believes in it as we do then the risk is worth the reward.  So in my mind he is receiving $100,000 for up to 6 months of work. 

[fatlas]

What Steve ends up getting paid for his work depends completely and solely on the share price at the time he exercises them - if he does - and that includes a number of scenarios where his compensation is $0.  it's totally normal to give more upside to people who are also taking on this kind of 'you might be working for free' downside.  If/when the stock price goes up and

[StevenHunter]

for the record it doesn't bother me at all if there's speculation or discussion about my comp but I won't be weighing in     

[matlas]

Understood Steve- I am wondering if you would answer one question though, just to satisfy my curiosity. I think the same issue is relevant in connection with others who have been issued options. Namely, what happens with options that are not vested at the time of a buyout? Based on the PR, your options vest over 3 years, and none would be vested until end of first year. So, what happens with

[mithril56]

Matlas - any unvested options, best immediately.  "Pursuant to the 2010 Stock Option Plan, if any participant who is a director, officer, employee or consultant of the Corporation or an affiliate shall cease to act in that capacity for any reason other than death or permanent disability, such participant’s options will terminate on the earlier of the date of the expiration of the

[mithril56]

Sorry - wrong section copied.  "The 2010 Stock Option Plan also provides that if a change of control, as defined therein in accordance with TSXV rules, occurs, all Common Shares subject to Option shall immediately become vested and may thereupon be exercised in whole or in part by the Option holder. Options are non-assignable and non- transferable, although they are assignable to and

[matlas]

That is what I figured! Thanks

[ilovexau]

Further to that, they will likely announce a buyout with the fully diluted price per share. Whether those holding options exercise or not they would be entitled to the difference between the strike price and the buyout price. Its all symantics, but its safe to say any one holding options will be made whole.