RE:RE:RE:RE:Info circular has been sent and several points stand outAll four directors have been appointed since Nov 2014, two own zero shares, the other about 767k with Glen owning only 1.078 million. That 's a grand total of 1.84 million shares combined and there are individual investors as you pinted out, which hold much more than that total on their own.
Where's the board ownership on this stock? Seriously - given the potential of this company with Japan etc but also Germany and hopefully US and Canada regarding Nuenergy
With penny stocks it isn't unusual to not have a salary for some board members as they just can't afford it but yes stock options are the payment method. That said it's not like the board members work every day with this company, rather they meet once a month or perhaps several times a month to discuss operations. So after 7.5 years on the board, if they don't have any of their money in this stock, and not buying at 3 cents, why would they have a say in how/what the company does? If the German investor has say 5-7 million shares, I would think he would be perhaps a better fit as he has personally invested in this company both as an investor and distributor, has a lot to gain/lose personally and has a greater affect on the success of the company. I would include others I am not aware of that are involved, invested, and generating sales.
I did ask Glen and waiting on info on what the directors bring to the company, clearly that is a legit question given the stock is trading at 2-3 cents, they are not buying at these levels - and hold zero shares. I will be voting based on what info I get. If I don't think some of the board members provide much value and they have zero skin in the game but hedged without risk with options on the upside only, I will be voting to withhold their election.
Edcando wrote: Lok what do I look like ? Investor relations?! Go ask Jaycee or Glen why they are on the board. I think someone is feeling frustrated again . That's ok we are all frustrated. It's just some of us don't lash out with attempted gotcha questions. Are you going to ignore that whatever they are doing on the board they are doing without a salary? Like every other insider except Glen?
Me thinks you already answered your share question when you posted the bullet points. Don't they have options program equaling 10% of the float? Didn't the expired ones roll over? Don't they have a bunch of years (I think your post said 10?). Does the rain in Spain fall mainly on the plains? All great questions. Email Glen or Jaycee and share with us what you learn lol.
To answer your question yes I love when I see a ton of insider ownership. Well to qualify that it depends on how they get those shares (awarded vs bought, bought at market vs heavily discounted, etc etc). While none of them have a ton of shares (I probably have more than 2 of them lol), I balance that with them not awarding themselves a ton of shares while we're in the basement. Even the options have their strike price well above current levels. So maybe ask yourself why they'd be on the board with no salary ? Clearly they must be thinking they're going to eventually have their options in the money. I like knowing one of the guys behind the German order has shall we say a very substantial amount of shares (all purchased with money not awarded). Clearly he/they think they'll do quite well (just using your logic about share ownership = confidence ).