Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

North American Gem Inc V.NAG



TSXV:NAG - Post by User

Comment by Saturn4on Oct 23, 2010 12:43pm
385 Views
Post# 17602977

RE: Aren't leaving the boat..

RE: Aren't leaving the boat..actionplanner, stop your incessant promotion of the option plan.  Just call it as it is and call a spade a spade.

First off, the options are not too much more above s/p.  Bids are at .095 and asks are at .10 and the options are at .10 ...  it would have been better if the options were higher ... about .15 - .20 ...

Second, there is more dilution.  Normally, a few million does not matter too much for options and, yes, its quite normal.  BUT after having promised in April this year that there would be no need for a PP, hence no dilution, then a few months later did a PP (without explanation apart from IR - if you call them and even the explanation is weak).... the extra dilution just pokes you the wrong way just a little bit harder. 

Third, why issue options?  Is this a bonus?  For what?  The s/p in the tank.  They couldn't raise enough interest for a PP @ .12 and had to lower the PP to .08,------  from their NR in August it reads that there was no known delay to mining other than the transfer time of the permit of a about 7 days (going by memory on this one), they made it appear that mining would happen in a few weeks, even IR was saying mid-September at the latest --------- Almost 3 months later and still no production @ mine #3 ...... No update either - unless you call IR and ask --- and you know they're full of s.hit .... remember W.V. ??

This is just the tip of the iceberg here.  So, stop, actionplanner.  All those who have been here long enough don't like them.  You promotion of them makes you seem like a pumper / disingenuous.    I am a shareholder and long term at that!!!!  I'm not happy with the way the company is run so far ...........  I definitely don't agree with issuing these options ....  Work for them, earn them!!
<< Previous
Bullboard Posts
Next >>
USER FEEDBACK SURVEY ×

Be the voice that helps shape the content on site!

At Stockhouse, we’re committed to delivering content that matters to you. Your insights are key in shaping our strategy. Take a few minutes to share your feedback and help influence what you see on our site!

The Market Online in partnership with Stockhouse