RE: NEWS - 2.25M stock optionsNot much for the shareholder in this news - simply doing a minimum amount of work in an attempt to justify the quarter million dollar exec salaries for a "non"-producing junior at the meager share price range of 12 cents. Given the weight of this baggage, how could the share price possibly trade significantly higher?? Notice the additional robbery of the shareholder's share structure with the grant of 2.25M stock options to the Board of Directors and execs. at these market prices. The final spike to end any trust in this management to do good for shareholders.
With this degree of Board irresponsibility and disregard to MUM shareholders, why would anyone want to own this stock to support the enrichment of the Board and the top two executives.
This company is a classic example of the burning need for a much higher authority than the current respective securities regulators.
When the executives are unable to perform to create reasonable returns for shareholders, there needs to be a higher authority that says, sorry, no stock options this round for BOD and execs, as well, exec salaries to be graduated at specific levels based upon the advancing value of the share price. In keeping with this "new" executive compensation policy, at 12 cents a MUM share these execs would be hard pressed to earn a $50,000 a year salary.
Bugbee