GREY:WFEMF - Post by User
Comment by
GaiusGermanicuson Aug 21, 2014 6:51pm
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Post# 22867147
RE:Amended Warrant Terms & Debt Settlement
RE:Amended Warrant Terms & Debt Settlement TechOne wrote:
The warrants are scheduled to expire on August 31, 2014. The Company proposes to extend the expiry date of the warrants to August 31, 2015.
Let them expire. They were issued in conjunction with incentive for a rapid implementation of a business plan that has now dragged on two years over its nominal schedule. They failed, they lose.
There is no point in performance based incentives when the incentive is given regardless of execution of performance.