RE:An interesting coincidence:After being here so long , the set-up doesn't surprise me.
How do you think EW got so rich with soo many shares and options.
A typical long term holder has lost at least 75% of their investment when accounting for lost potential gains we would have received over the last 10 years or so on anything else.
And that here lies the question.
Management have continued to gobble up funds.
They probably will -as in previous years dump their options when the stock rises into the pay.
Dumping and dampering share demand , augmenting supply during any price step-ups and evapourating any gains us shareholders could have reaped .
This has happened before.
If you invest in the golds you know that the big step-ups are in lock-set with the overall industry. If you miss these lock-set step-ups you miss the boat.
We have missed these steps previously because of these options which are created by management to line their pockets.
Selling their options in to flip-out cash as soon as possible and at times when the stock starts going up hurts us shareholders big time.
These options were supposed to be an incentive to management to get the stock-up over a period of time - a kind of reward for performance over the last year.
They should not to be extended - ever.
Extending unearned options is theft from the shareholders.
Options dont work if the management is not committed in holding for the long term
GLTA