GREY:MYMMF - Post by User
Comment by
WeeblesWobbleon May 01, 2018 12:13pm
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Post# 27964882
RE:RE:To State the Obvious
RE:RE:To State the ObviousI would agree that giving share compensation to new hires is share dilution. The question is whether the dilution is material. If a new executive get options for 250,000 shares, the dilution would be approx. 2/10ths of 1% (based on issued and O/S to 107 million shares). Based on a market price of $1.73/share, the price impact would be approx. 4/10ths of a penny. Material? IMO no.
The rules are far more than guidelines since failure to comply can lead to suspension of trading and IIROC sanctions.
I did have a chuckle about being a company man. I am a retired accountant who possesses no horticultural or marketing skills. Since they already have a CFO, I doubt MYM has any need for my services. LOL