American Creek Resources Ltd V.AMK

Repricing of the stock options?

[Alwayslate]

Is this good for the common share holders or bad.  Help a newbee understand please.  Seems like that detail is omitted from the story.  Guess they just assume we all know how all this works.

[CharlieWaffles]

No, not what you want. Remember to vote at the AGM Incentive Options Repricing American Creek Resources Announces Incentive Options Repricing (newsfilecorp.com) Stinger Resources Incentive Options Repricing (newsfilecorp.com)

[CharlieWaffles]

I see a "TAKE" now what I would like to know is what was the "GIVE"? If no GIVE then at the AGM will be the time to vote accordingly. Let's see what else transpires until then. 

[Yellowknifer69]

Hello and good afternoon Longs: Just wanted to offer up another opinion in regards to this morning's news. Could this reduction of share overhang have been proposed at the request of a potential suitor/ buyer?   This type of move is often risky and not often undertaken by a company unless a) they are desperate for cash?  Not the case here.  or B) There is another master

[Alwayslate]

I was thinking/wondering this exact thing.  Is something big happening in the background?  Fingers crossed.  

[NamesJeb]

I don't really see how reducing options prices for management would in any way create a "reduction in share overhang". If that were the case, they're just pushing back any chances of that until it's voted on late December. I think management exercising their options at the current price right now would potentially do such a thing. But maybe I'm missing something?

[NOMOREROLLBACKS]

I WILL VOTE NO WITH MY MILLIONS OF SHARES.

[NamesJeb]

It's basically like asking management to give us a rebate for whatever the difference in price we paid per share vs the price of 0.18. You think they're going to do the same for us? Undoubtedly!

[LonghandStrong]

I think we are all finally seeing exactly what they care about. Rewarding yourself for poor stock performance is a hallmark of a poorly managed junior IMO

[LonghandStrong]

ironically, as AMK is just a drag along now to Tudor, the $ provided (further dilution) from these repriced options will come back to them in the form of fat exec salaries, earned for doing what exactly?

[CharlieWaffles]

Uhm, proven up 5M OZ. Try to keep up here. 

[CharlieWaffles]

This does bring up an important point and perhaps a reason to stop and think ahead a little. First thing is I would hope to hear a valid reason as to why this was done, that would be a good starting point. If no reason or the reason isn't satisfying then next step.    Big picture, AMK free carry meaning no drilling expense. We are fortunate enough to get all our drilling paid for

[HIGHonLITHIUM]

Waffles, I'm surprised at your reactions here. These are not new options being granted so who really cares? Maybe more to this than meets the eye? Are you also going to trash TUO management for repricing options? Or did you miss that TUO news? What about if Tudor follows suit? Going to call up Walter and let him have an earful? Maybe you are being a tad short-sighted here in your assessment of

[NamesJeb]

Unless management wants to give us another reason, all we can really do is take it at face value. Reducing price of existing options which are converted to shares = less overall money for the company and more shares outstanding = potentially insufficient funds to keep paying the bills and riding the free train = potentially more dilution later.

[NamesJeb]

With that said, I suppose one could argue that at the old higher prices management potentially would not have exercised their options and therefor = 0 money for keeping the lights on. Therefor a bunch less money is better than no money at all.

[CharlieWaffles]

Does this undue all they've done? We don't have to be so dramatic. I am a huge fan of not only what they've accomplished but what they had to endure and get through to get here. Not an easy feat. That's why I'm surprised. This isn't an issue about options issued, it's cutting the yardstick by half, that's the issue.    Now let's say we

[CharlieWaffles]

What are you talking about "Starting to see finally"? Have you not been crying about bad management and this is your first example? Why would you say that previously then?