RE:RE:RE:New Press Release - POET Technologies Reports Fourth Quarter 2023 Financial Resultsmaestrodrumboe wrote: lol...I can see a buck from my window on Monday..lmso
The repricing of stock options..No fn way am I voting to approve the repricing of 7,2 mill options from 11.90 down to 1.75 unless they were to deliver large before the next AGM..these guys are a joke,no incentive for them to deliver,They can't even run a lemonade stand
..
In recognition of a critical need to retain employees, the Board of Directors has approved the repricing of 7,153,358 stock options from prices ranging between CA$2.60 and CA$11.90 to CA$1.75, being the closing price of the Company’s stock on March 14, 2024. The repriced stock options were granted to employees, consultants and insiders of the Company in prior years. The repricing is applicable to stock options that are out of the money and were granted earlier than September 30, 2023. As a means to emphasize the retention value of options, 50% of any fully vested and repriced stock options, whether held by insiders or rank and file employees are subject to a deferral in the exercise date of one year following approval of the repricing by the TSXV. All other terms of the repriced stock options remain unchanged. The Company will seek shareholder approval at the next Annual General and Special Meeting of shareholders.
Why not,after delivering a 80% haircut in the SP they are very deserving...they should be able to excercise all their options down at this price..talk about incentive based on NON PERFORMANCE..If it was any other public cimpany ,The whole BOD and most the Management staff would be sent packing..
This will be our opportunity to deliver a pleasant message to management by VOTING NO..jmo
ark88 wrote: Director Peter Charbonneau resigns.
Options priced between $2.6-11 cad are repriced at $1.76.
On a Friday no less. A finger right in the eye of all the loyal shareholders. Their shares worth one tenth now but management feels they should vote to support options repricing that should've been earned but instead are needed to keep employees from bailing.
Very perplexing move re options repricing. They must realize this move really stinks to high heaven, particularly just before the touted OFC and possibly a high SP. Truly sticking it to the shareholders here.