PINL:VLTAF - Post by User
Post by
ALLEN4on Aug 18, 2013 12:45am
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Post# 21678989
the stock option plan
the stock option plan
was re-approved at the most recent annual general meeting June 13. 73.8 per cent of the vote by voting shareholders was in favour. Basically the plan allows granting of options up to 10 per cent of the outstanding shares. I read somewhere that the industry average is about 20 per cent. Even at 10 per cent that would have been 15 million shares, and as was posted, this was much less. So it could have been much worse. Considering the dollar value at the time options were granted, and considering the number of options relative to outstanding shares its not that bad. And surely it will incentivize everyone to do what they can to bring the shareprice up and motivate these employees/directors to stay on and create value with the company. Also consider that their salaries are modest by industry standards. I would rather have them take options in a modest fashion and see them become rich by increasing the value of shares, rather than pay them exhorbitant salaries.