CGX Energy Inc V.OYL

Kevin Lacey ….?

[Frank007]

Not sure any one ...(Shedrills )....know where he is .....he got 400,000 promo shares that were trading @ $.49 way back ....frontera payed $.1.63 per share for the farm ing ...that was converted to shares .....I bought a few thou today @ $.37 cents ......?

[SheDrills]

KL paid more to execute his options than the stock trades at present.  Suresh is the only person who's shares and options hold value...that said, the moment he tries to sell anything he would drive this into oblivion. Only 2 things help us now: 1. Financing to finish the port. WTF are they waiting on? 2. Farmdown Corentyne and transfer operatorship to a major.

[Schreibzey]

To corroborate this point, mostly all options expiration dates for these folks like Narine, Stockinger, mills, Tribukait, Zoback are 2 DEC 2024. Doubtful they leave money on the table, I'll take option #2 Christine. Durkee has termination and change of control benefits - guessing because his option exercise price is $1.36, not fully vested until 25 OCT 2024, so somewhat makes up for the term.

[westcanpride]

Given the situation, I don't think anyone in CGX management is going to make a hell of a lot of money off all their share options. Maybe Suresh, just cause he exercised at like .08 cents.  the real money was, and still is, from the monthly salaries they are receiving. A guy like Durkee is pulling in over 40k/month... to do what? It's actually criminal how much money they are making.

[Strawboss1]

I find your posts very informative.  Can you explain how the farm down option works , please and thankyou.