Talisman Mining Ord Shs TLM

Two things

[cnaismit]

I find disappointing about Talisman. First their love with debt. Instead of paying debt down and saving on interest they buy back shares. Do you think buying back a few million shares when there are more than 1 billion outstanding really helps that much? The other is the options package. Here we have people who draw down a very heathly salary and bonuses to do what they are hired to do, that is, make a profit. On top of this and for nor apparent reason that I can find, especially when the stock is dropping in value, they had options to sell hundreds of thousand of shares at a very reduced price and gain a very nice profit. IBM used to have a program similar to options - the diffference is that you had to put your own money up, sometimes over time, to buy stock at a reduced level. You were not allowed to borrow the money to buy from the company and then sell your stock the same day. The Option plan of most companies today is like stealing. It would be nice if stockholders were given the same opportunity to designate a number of shares at current price to be sold at a future date without having to put any money down until selling date.