OTCPK:ARLZQ - Post by User
Post by
hsyxuon Mar 06, 2013 1:08pm
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Post# 21088284
Grant of options during negotiations
Grant of options during negotiations How can this possibly be legal? The insiders grant themselves an immediate $ 1 million profit , while settling the remaining shareholders with a 1 million share dilution.
[taken from Alamos' press release]
Timing of Option by Aurizon Board - Hecla has disclosed that it had confidential discussions regarding merging Hecla with Aurizon on December 18, 2012. On December 18, 2012 and December 20, 2012, the Aurizon Board of Directors awarded itself and Aurizon officers more than 1.1 million options. The Aurizon Board has been critical of the Alamos Offer as opportunistic and inadequate at C$4.65, yet at the same time awarded themselves 1.1 million options at C$3.61.