Mart Resources Inc MAUXF

Weighted-Average Options Exercise price of .38

[stockpeeker]

From the latest Management Information Circular:

 

As of 12-31-2011:

Number of securities to be
issued upon exercise of
outstanding options,
warrants and rights = 20,139,999

Weighted-average exercise
price of outstanding options,
warrants and rights =  
.38

Number of securities,
remaining available for
future issuance under equity
compensation plans = 13,531,488

From Incentive Plan Awards table in the document,

Wade has about 7,275,000 options (2,225,000 @ .65 by 2/22/16, 600,000  @ .5 by 11/9/12, and 4,450,000 @ .17 by 2/9/15

Note the November 9 2012 exercise date above.

I also see that Leroy Wolbaum has a total of 1, 425,000 options (including 300,000options @ .50 to be exercised by 11/9/12).

Derrick Armstrong, Dallas Droppo and Paul Crilly each have 1,125,000 options.

OK, now let's see how much stock is sold by these insiders in the next month to finance exercise of some of their very generous options).

[stockpeeker]

The numbers in the Mgt Info Circular did NOT include the most recently awarded options @1.04.

[kaisersosze]

Who is Rodney??  I see him referred to often, but don't see him listed as one of the BOD or management of Mart?? Thanks

[kaisersosze]

Gotcha!  Hopefully, that's all about to change.  If Wade can deliver on the next few wells, the second pipeline, and some additional marginal fields, he will certainly have more than my share of respect!

[stockpeeker]

As they stated at the recent meeting of the Board of Directors (also referred to as "happy hour"):   "We, the CEO and Board of Directors, are here to help ... ... ... ourselves".

[stockmyster]

If you have to buy the shares on the 18th to be a holder on record for the 23rd and entitled for the dividend payment I would also assume that the directors will also have to wait 3 business days before they get their funds before they exercise their options do the 18th is also the cut off for them? Personally if I were them I would be getting a loan for a couple percent to exercise those options.