Employee optionswhile it could be good for the top employees to have more options (their interest aligned with ours.... SI stock) at .33.........38 (current prices)
in addition to the .53 average price employees currently have options at............ according to the document on sedar ....a link to which was previously posted.
they are also covering themselves to FULLY participate in a GOING PRIVATE TRANSACTION
3.08
Take-over Bid or Issuer Bid:
(a) If there is a Take-over Bid or Issuer Bid made for all of the issued and outstanding Common Shares or if the Corporation proposes a Going Private Transaction, the Board may, by resolution,
permit all vested and non-vested issued Options to become immediately exercisable in order to permit Common Shares issuable under such Options to be tendered to such Take-over Bid or
Issuer Bid or to participate in the Going Private Transaction.
I have held Sirit for 2.5 years and have always been concerned that ALBRIGHT (owns 20%) who probably paid 10 cents share would accept 60-70 cents to make an all at once exit from the stock and I would never see $3-5 dollars.
soccer