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WESTERN POTASH CORP T.WPX

"Western Potash Corp is engaged in the acquisition, evaluation, and exploration of mineral properties containing potash in Western Canada. The Company holds interests in the Milestone Project located in Southern Saskatchewan."


TSX:WPX - Post by User

Comment by Cacheitupon May 16, 2013 4:01pm
134 Views
Post# 21405075

RE: RE: Options

RE: RE: Options

Hotshorty-My understanding is that management have repriced most of their options down to .50 cent.

so at today's price if they cash in their options management will pocket .04 cent and the .50 cent will go into the companies coffers. 

The problem is they would need to raise several million dollars to stay afloat till the end of the year.

with only $960,000 approx left at the end of march they would be nearly out of money by now.

strange thing is though, the share price is not going down, it's going up. So maybe management has something up their sleeve.

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