Catalyst and Greenslade Catalyst Options at 10¢?
Options for ten years? (Subject to regulatory approval). Is there a regulator in the country who would approve of ten-year options? Is there another CEO in the country who would request regulatory approval for ten-year options? Is there any other publicly traded Canadian company who has requested regulatory approval for ten-year option?
Why, in the name of God, does Mr. Greenslade insists on publicly shooting himself in the foot? Is this a demonstration of sheer stupidity or utter arrogance? Isn't is bad enought to have six outside independent directors resign with 12 months? A few months ago, in a prior post, I characterized his award of two million Baja options (given in 2010) as obscene. I still hold to that position. Now we have the spectacle of greater obscenity: ten-year option.
I doubt if anyone on this board would claim that I am a basher of either Mr. Greeslade or Baja Mining Corp. That does not make my opinions right or wrong. Let me express my personal opinions in the form of four questions:
1. Is there a regulator in the country who would approve of ten-year options?
2. IIs there another CEO in the country who would request regulatory approval for ten-year options?
3. Is there any other publicly traded Canadian company which has requested regulatory approval for ten-year options? If so, what company?
4. Has any Canadian publicly traded company received regulatory approval for ten-year options?
Sorry John but this non-Baja news item might be the straw that broke the camel's back. If it is, you have no person to blame but youself. The British have a saying, "Too smart by half". On Howe Street, I translate that as "Too greedy by half".
I still support Baja Mining Corporation and the Boleo Project. I still do not support Mount Kellett. I absolutely refuse to support ten-year options. I refuse to support greed and obscenity. I don't even support five-year options! Stupid me, I thought that Murray Pezim was already dead and burried. John, today you lost it.
Respectfully submitted,
Doug.