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Bullboard - Stock Discussion Forum MGM Energy Corp MGMCF

GREY:MGMCF - Post Discussion

MGM Energy Corp > OilEng what is the exercise price of the 23 million options
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Post by farml1234 on Mar 09, 2014 3:41pm

OilEng what is the exercise price of the 23 million options

Re::However, the non-conflicted managment and directors have about 23 million options and 6 million shares.
Read more at https://www.stockhouse.com/companies/bullboard/t.mgx/mgm-energy-corp#S9f44lvi2qDfW1eq.99
Comment by OilEng on Mar 10, 2014 10:17am
Hi Farml1234: With regard to the vested stock options, about 75% are at $0.16  with the bulk of the remainder in the $0.73 range. Besides the vested options of 23 million there are another +/- 9 million options that are not vested with the same kind of option price breakdown. How the unvested options are treated upon a takeover depends on the contract the employees and directors have with ...more