TSXV:WEE.H - Post by User
Post by
mikhalon Aug 06, 2016 6:10am
262 Views
Post# 25116316
Management options / decisions
Management options / decisions
My self and my family have become significant shareholders since December , 2009. We presently hold about 3% of the outstanding shares. We have encouraged other friends to acquire shares which amount to approximately 6% 0f the outstanding shares. We acquired the shares because of the outstanding prospects for the technology. We as most other investors have been disappointed in the speed of the industry uptake of the technology. We have been extremely pleased with the management of the company. The management in our opinion is overworked and underpaid. In August of 2010 There were 2,845,000 options outstanding and 82,814,000 shares outstanding. At present there are approximately 4,430,000 options outstanding and 82,956,000 shares outstanding. The management made the decision in the spring of 2010 to dilute themselves and all other shareholders to the tune of about 15%. This decision to put 21,000,000 of new cash into the company has been proven to be a lifesaver. If over a period of six years the two key employees receive approximately 100,000 per year in incentive options that seems totally reasonable. What the options are worth remains to be seen and I for one hope they are worth tens of millions. Peace to all investors.