Eurocontrol Technics Ord EUCTF

Eurocontrol Announces Issuance of Stock Option

[fiveniner]

TORONTO, ONTARIO--(Marketwired - Feb 22, 2016) - Eurocontrol Technics Group Inc. (TSX VENTURE:EUO) ("Eurocontrol" or the "Company"), a Canadian public company specializing in the acquisition, development and commercialization of innovative authentication, verification and certification technologies, announces that it has issued an aggregate of 3,350,000 options to purchase common shares of the Company to certain directors, officers, consultants and employees in accordance with the Company's stock option plan. The options are exercisable at a price of $0.15 per common share and expire five years from the date of grant, being February 19, 2021.

[frs1960]

I was very excited about last Friday news, espacially " Eurocontrol and its Board of Directors believe that the market price of the Company’s shares may not fully reflect the value of its business and future prospects, and as such that purchasing its own shares for cancellation is an appropriate strategy for increasing long term shareholder value." And now, why they issue options

[green24]

Should have been at .17 in my opinion.   Now they are just giving my cash to the directors, officers, consultants and employees.   Who all could have been showing support for the company at .13, but were mysteriously absent as bidders back then, as far as I can tell. At least there is a nice support bid at .17 in pre-trade today.at .17 and another at .15.

[lscfa]

Rowlands better use that buyback program to at least cover the new options issued.