For Those Interested read the SH homepage. Canaco management 's issuing of options. You see everyone knows it's abused but nobody seems to have the moral strength to tackle it.
There is just no moral compass left in the investment industry or many company CEO's & BOD's. It's all about US first our SH's last. Although they tell always say they are working to increase SH Value it just never seems to materialize.. I'm not saying every company is an abuser but the abuse is there & is tolerated by institutions, BOD's & most importantly the SH's. Note that Canaco insiders own less than 2% of the company which the writer points out is ridiculous. If insiders are not willing to put their own money at risk then why do retail investors? Because (many not all) retail investors are rarely investors they are just lottery ticket buyers in disguise.
It's a very interesting article that any SH of any public company should read. It's an article that I didn't write but agree with. SH's especially retail just never seem to realize that options take money out of their pockets & put it risk free into insiders pockets causing much dilution at a very low cost putting in many cases very little money back into their companies treasury that could have been realized through PP's when a companies SP is strong.
Disclosure I'm all for performance based options/bonuses where a company has clearly defined goals that must be achieved in order to recieve options/ bonuses. I'm totally against using options as a form of supplement to wages. Also this is not about the last issuing of insider options at EVG. Time will tell if they were performance based (which I doubt) because there has been no demonstration that I'm aware of that EVG has performance objectives to be met before compensation is awarded (I might be wrong though as I have not read their web site in quite some time). Correct me if I'm wrong please.