RE:RE:RE:Stock option Plan / management
I read GMA's material for the annual meeting last year and everything was disclosed. They did not hide the Stock Option Plan, and on the contrary, GMA asked the shareholders to vote on it. My last post was not meant to question the legality of the Stock Option Plan, but more to raise questions on the aligment of interests between the shareholders and the management (or those who will benefit from the Stock Option Plan).
I assume that the PEA will be very good (as most of us think). I also assume that the long awaited PEA will give value to GMA and that the share price will increase accordingly.
According to the article of the National post, the PEA will be out in September or October.
The AGM should be in September (as last year).
The timing of disclosure of the PEA might have a major impact on the share price and therefore, a major impact on the value of the options given to those who will benefit from the Stock Option Plan.
If you were a director with expected benefits under the Stock Option Plan, would you rather have your options before or after the PEA ?
As a shareholder, I would definitely prefer if the options were given after the PEA.
It really seems to me that the interests between those who benefit from the stock option plan (the management) and the shareholders are not aligned.
Cheers,
Moulouk