Tangelo Games Corp. IPRSF

Wtf?

[lscfa]

Tangelo Grants Options

 

 

TORONTO, ONTARIO--(Marketwired - Sept. 13, 2016) - Tangelo Games Corp. ("Tangelo" or the "Company") (TSX VENTURE:GEL) reports that the Company has granted a total of 300,000 options to its investor relations consultant under the stock option plan of the Company. The options are exercisable at a price of $0.075 per option and shall expire on September 13, 2021. The options shall vest quarterly over a period of two years, all subject to the four-month regulatory hold period. The grant of options remains subject to regulatory approval.

[copperboys]

Although I'm generally averse to dilution, the small size of the number of options coupled with the fact that they now have skin in the game, leads me to cautiously agree with the prudence of this move. The key is to bring fresh blood to a stagnant party.  I'm hoping its on the near horizon. Management is tight lipped so I trust something's up as I've opined earlier. Let's

[nervous64]

Although it is peanuts in the whole scheme of things, I would like to know what Spiro has done to deserve these options. Up till the last few days, there has been little volume. The share price is stagnant. Pinnacle looks to be a one man show with a basic website. No clients listed and no address of offices given, probably meaning he works out of his basement. Just my thoughts, but his website

[copperboys]

Wow. I didn't know that.  We should write a letter to management demanding particulars re what the heck he has done to promote tangelo. 

[GeraldH]

I'll get on it. But I truly think they pocketed Ad money.

[Bangkokboy]

Though this is not a lot of shares I thought they were supposed to be dealing with the capital structure?