AvenEx Energy Corp AVNDF

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[mo1975]

Joe, the severance package offered in a buy out or merger is quite different then the regular package.. I do not have all the details of their individual contracts but for an example...stock options... the normal course of stock options is given to retain high quality individuals with the company.. most options are to be vested over several years therefore it is a motivator for that person to stay the course and stay with the company. Some options have clauses in that you cannot excercise them if you are no longer with the company.. so if a director leaves or resign he may in some case forfeit his options.. however if the company merges or is in a buy out it is deemed that all options are vested...  

so if they all leave on their own or voted out... you are talking a lot of dollars that stays with the company... In addition, I think that right now Pce and chx  would find it difficult to pay out those millions which they do not have... so whether or not you deserve the contractual money if there is no money in the bank, there is no money. but when you merge with avf.. well now there is money in the bank to pay all those dollars, they made sure of it by forcing the er sale