RE:RE:RE:RE:RE:RE:RE:RE:Great Q1 results, but what trickles down to shareholders ?Issuing options in mid March 2021 seems to be just taking value away from the public and handing it to Mgmt. That is not the idea behind options. If the public had info on revenues and contracts in mid March, the share price would have been bid up.
The circumstances were not the same in March 2020.
Option dilution - what does this range, corp to corp for entire option plan/ all emplyees? 1% per year ? max 2% ?
690k/44m = 1.5%. (There could be option issued to non- SEDI filers too.)
Lets assume that generally speaking, about 1.5% is fair.
Given CEO already owns 40% of GEO, is his 420k option award on March 15, 2021 fair?
Dilution re the CEO only is really 420k/(44-18m=26m) = 1.6%. That is excessive for just the CEO. And on top of it, the timing of the options (March 15, given what Mgmt should have known about Q1 results etc) seems offensive.