Granted Options...Plexmar Resources Inc., "Plexmar" (TSX VENTURE:PLE), granted a total of 3,850,000 stock options to officers (1,200,000), directors (2,050,000) and consultants (600,000) in accordance with the terms and conditions of the stock option plan and subject to any approval that may be required by the TSX Venture Exchange. This grant is effective today. Each stock option grants to its holder the right to acquire one common share of Plexmar at a price of $0.30 on or before August 30, 2012
Perhaps this has already been discussed - I haven't flipped through the posts around that period, yet.. But here's my take on this event:
Why the heck would Mgmt grant options at/around the current share price? Stock Options should be used to entice workers into producing results.. I.E. If options were to be granted, imo they should have been issued at say $1.50/$2.00; this way there is a goal to work towards, not simply a nice xmas bonus during the next possible run-up.
Saw the same damn thing happen a couple weeks back with Falcon Oil and Gas, and can't help feeling that management of these public companies are more concerned with lining their own pockets then working hard for their ACTUAL investors.
Sky