RE:RE:RE:RE:RE:2021 Information Circular, Stock Incentive PlanSigh! I'm very familiar with the term. It's very commonly used to calculate how much cash is being "burned" per month or per quarter or per year. As I said, it's a periodic measure and I have never seen options measured or described as a "burn rate". Whoever wrote that paragraph gets an "A" for useless misleading info. It makes absolutely no sense in the context of a stock incentive plan. From the Oxford dictionary.
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the rate at which an enterprise spends money, especially venture capital, in excess of income.
Kherson wrote: Maxmoe wrote: Go ahead and vote no but I think you are making a mountain out of a mole hill and I'm not familiar with your "burn rate" term being applied by anyone else on any other company. Every company I follow has a limit of under 10% for options and other stock comp plans. It's for all plans combined and it's not 10% per year, it's 10% cumulative for all years. A burn rate implies a periodic calculation like monthly,quarterly,annually. Options are measured cumulatively like shares outstanding, or warrants, not how many are issued annually. Did you maybe misunderstand that part?
You are not familiar with the term "burn rate"? I am very surprised to hear that! Please read p.41 of the 2021 Information Circular!
Kherson