TSXV:FCO.H - Post by User
Comment by
AyuFanon Oct 23, 2018 3:56pm
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Post# 28859242
RE:RE:RE:6 trading days left in October.
RE:RE:RE:6 trading days left in October. grant of options means nothing.
the previous CEO was granted much more options and he didn't care at all.
we have to read the MD&A in the next Earnings Release to know the terms of the options (the strike price, clawback provision, duration, etc)
If the CEO joined the company and use his OWN money to buy 1MM shares or take a salary of less than $100k with conditions that it will dwarf to 400k after certain milestones.. then I know he's a real deal.
As far as i know, this guy could come in with 400k / year + Free options with no target bounded to his financial interest.
Imagine your employer telling you your starting salary is 30K a year with condition that it will go up 400% if you increase company value by 600%. you will work your butt off.
If you employer offers you 120k a year with no string attach.. then your incentive to work hard will be alot different.
All-in-All.. just buy shares at this level if you believe in new CEO... don't read into the options too much .. the management team got alot of it after the last annual meeting... and we all see the delays.. you have to ask yourself.. "did they care about the options?"