OTCQX:PHVAF - Post by User
Comment by
BarstoolSageon Jun 18, 2018 6:10pm
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Post# 28188612
RE:RE:George is our CFO
RE:RE:George is our CFOIf you believe a VP Finance is basically a bookkeeper, you have no idea of what one does, and it is entirely normal for stock options to be granted to key employees. PLUS he is listed as a Director by Bloomberg.
Now you may not like it, you may not like the numbers, you may not like the guy...but that is your gig to play.
IMO as long as he delivers and the share price goes up from the option price (was not disclosed yet but they are typically priced at the issue date's closing price) , all will be well. Remember the options will go unexercised if the share price does nothing.
Now I'd be with you entirely if at some furture date these options are repriced downwards to then FMV. That does happen and IMO that is never ever fair as it actually goes against what the options are trying to achieve..which is to align a big payday with shareholder interests.
chrome2017 wrote: He is VP Finance. Basically the bookkeeper. He is a friend of Belfontaine. Carm Marelli is the CFO. I think JD was taking care of a friend instead of the shareholders here. Getting sick of these types of backroom deals.
pipefighter wrote:
https://www.bloomberg.com/profiles/people/20195931-george-kovalyov