RE:New Press Release - Gold Reserve Announces Appointment of New Chief Executive OfficerYeah, how can shareholders be anything but enthusiastic about this. And it sounds like he's by and large been running everything for quite a while now.
The two money raises, the move to Bermuda, the decision to bid for Citgo, the partnering and back office work to make Citgo bids come together (past and soon to come), these were probably all mostly (or much) his doing. So GRZ shareholders probably owe him like they will never even know.
There is one reservation I would express about this. And this is, for me, 1% negative in comparison to 99% positive. On balance, I'm over the moon on this.
The optics of the $2.35 exercise price are, I would say, a little problematic. Aside from the fact that the stock (GDRZF) closed today at $2.70. Plus, if it weren't for last Friday's misleading (or outright false) headlines from Bloomberg and The Wall Street (to the effect that the auction was over and Elliot was the winner) as well as Reuters incorrectly reporting that GRZ had dropped out of the bidding process, well, the price of GDRZF very possibly would never have gotten as low as $2.35.
So I'd say the better-optics way to do this would have been with an exercise price of US$3.00 or $2.70 at the lowest.
Am I going to make a continuing fuss about it? No, of course not. In the grand picture it's a nickel and dime thing. Also, the mega-GRZ-shareholders will have already signed off on this. If they're fine with it then I guess all us little guys should be too.