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EarthLabs Inc V.SPOT

Alternate Symbol(s):  SPOFF

EarthLabs Inc. is a mining investment, technology, and media company. It provides strategic leverage to the metals and mining sector through investments, royalties and a full suite of data-driven media software-as-a-service tools and services, including CEO.CA, The Northern Miner, MINING.COM, Canadian Mining Journal and DigiGeoData. Its Financial Technology Division (FTD) business vertical includes CEO.CA Technologies Ltd. (CEO.CA), EarthLabs Media Inc., DigiGeoData Inc. (DigiGeoData), and its investment portfolio. Through FTD, it offers a range of cloud-based, interoperable Web applications. CEO.CA is a social network for investors and traders in junior resource and venture stocks with online and mobile functionality. DigiGeoData is developing its DigiGeoAtlas platform, a software-based GIS interactive mapping interface, alongside its DigiGeoMaps distribution business. Its investment portfolio is a combination of its strategic investments in junior mineral exploration companies.


TSXV:SPOT - Post by User

Bullboard Posts
Comment by Kelso99on Mar 18, 2019 2:53pm
122 Views
Post# 29501928

RE:Really?! I mean really guys!

RE:Really?! I mean really guys!
Check out the CEO and CFO compensation in the filing docs.  If I recall correctly from memory, I think it was $0 in 2017, very little in 2018 and now the CEO gets $120K + discretionary bonus and CFO $60K + discretionary bonus.  Overall 3.7% of the companies FD share structure vesting over a 3-year period at a strike price the same as the last raise seems reasonable to me.

Question though, are the 3.7M options the same as what is shown in the investor presentation Page 20, or in addition causing further dilution? 

There's lots to like about this one and seems to be lots of skin in the game, but the one thing that worries me is what looks like some self-dealing with the royalty interests and the Strategic Mineral Agreement.
Bullboard Posts