RE: RE:power1
1) All companies award options to insiders, as a reward to move theshare price higher. A shareholder rights plan would be to fend off ahostile takeover. Is there an imminent takeover coming????
DO you not think management has allotted enough stock based compensation options? Read the MD&A
Stock-based Compensation Plan – (cont’d)
At November 30, 2010, there were 11,582,625 share purchase options outstanding
entitling the holders thereof the right to purchase one common share for each option held
as follows:
Number Exercise Price Expiry Date
290,000
.10 March 24, 2011
75,000
.10 October 19, 2011
897,000
.10 January 26, 2012
1,250,000
.10 January 25, 2013
2,317,125
.10 January 8, 2014
1,253,500
.12 December 23, 2014
500,000
.12 February 22, 2014
5,000,000
.18 May 27, 2015
11,582,625
On April
2) Didyou miss the $2.5 million dollar financing at Christmas? There wasnothing resticted in these funds, other then the fact MTB managementdoesn't have to spend much, because most of our partners are paying forthe exploration.
No I did not miss it. Look who participated and what they have done to share price. Also understand this was flow through and these funds are restricted and can only be used for exploration not operating.
As of Nov 30 the company had $800K current assets against $450K accounts payable, How much was burnt between then and now. YES MTB will have to go to the market IMO