RE: Email answer from Neil Simon re .30cents
Sent: Thursday, April 08, 2010 9:55 AM
Subject: RE: stock options @ 30cents
Good morning, good question and deserves an answer. I think it important to appreciate the management of Eagle Hill do not draw big salaries and the opportunity for them to make a living comes from the issuance of options. The five year term and options issued are very standard.
For management and the directors to realize any gain the shares would have to raise well above the exercise price (30 cents).
The other important item to appreciate is management and board usually wouldn’t want to hurt their own stock price. That being said if the shares went much higher and they wanted to sell it would be likely they would do so with caution and slowly so they don’t hurt the price.
Management of Eagle operates very responsibly and there focus is ensuring the money raised is spent on the property and not being eaten up in monthly expenses. It is also important to note that they are taking a lot of the same risk as investors as their upside come from a higher share price.
I hope this answers your question. Please feel free to contact me anytime if I can be of any further assistance.
Cheers! Neil.