Pelangio Exploration Inc. V.PX

Recent Appointee to the board.....................

[ggrellette]

hopefully will be useful rather then a drag on the company. We will know quickly enough if she exercises the options she was given at 17 cents if not, then we are not off to a good start and she will be a drag on the company.

[SimplyRunRig]

Umm, nobody exercises options when they're out of the money. Well, rarely anyway. I don't know why you would expect that.

[ggrellette]

If she exercises them now it is a show of confidence as a long term shareholder. If she does not, that means she will be a drag on the company. What we do not want is her flipping the options into shares for selling into the open market.

[SimplyRunRig]

I'll say it again. I don't know why you would expect anyone to exercise out of the money options.  She especially wouldn't be flipping options into shares at this point, as you can buy shares on the open market cheaper. Do you even know how options work?

[ggrellette]

Thk u for your sarcasm and yes I am certainly aware on how options work. Simply it shows confidence rather then a flipper. Yes I am aware you can buy cheaper share today suince the price dropped to 14.5 cents so she will not exercise options at this point in time. My opinion is she will be a drag on the company and really provide very little in return. 

[ggrellette]

From where I sit this recent appointee has done very little for the company. 

[ggrellette]

From where I sit this recent appointee has done very little for the company.@