American Creek Resources Ltd V.AMK

Is anyone else concerned about major dilution like me?

[GoldInsect777]

The last time I checked, about 10% of AMKs FD share structure was in the form of options that were all exercisable at .20c and less. This seems to be how management is primarily paying themselves. 

With fully diluted shares outstanding of approximately 480 million, which could technically be actualized in the near future, I worry that the dilution could become considerably more before any meaningful catalysts push the SP higher. 

The CEO sold 450,000 shares according to SEDI in the last week. Now I'm sure that's less than small potatoes as far as his position goes, and I know management has to put food on the table in the meantime, but it's still a small piece of circumstantial evidence that lines up with my above concerns. 

I bring this up because there seems to be an idea that AMK is the cheapest way to get exposure to TC and that it's a "free ride"... Well, free doesn't mean you get to sit in the front seat with the air conditioning blasting at a comfortable 72 degrees. As far as I see it, TUO is in the passenger seat, TUD is driving, and AMK is tied up in the trunk blindfolded feeling all of the bumps and sharp turns with an oxygen mask on it's face hoping it doesn't run out of air before TUD gets to the destination. 

Even with TUDs now approximately 250,000,000 shares outstanding after the closure of the PP, AMKs full dilution is still almost double that of TUD, while TUD still has three times the stake in TC... I'm not sure how that equates to AMK being a more likely 10 bagger than TUD or even TUO for that matter. If someone would like to chime in with their take on that, I would be most intrigued. 

Anyway, I'm not trying to knock anyone as I am diversified accross all three of the amigos, I'm just trying to keep my optimism balanced with my usual liberal amounts of skepticism.

[HIGHonLITHIUM]

GoldInsect777, I'm not sure I understand your concerns? The fully diluted AMK share number you have stated has been the same for a very long time. It's already been priced into the AMK market long, long, long ago. Your "I worry that the dilution could become considerably more before any meaningful catalyts..." concern doesn't make any sense to me with respect to AMK. We

[GoldInsect777]

HIGHonLITHIUM, I am not concerned about the existing options being exercised so much as I am about an unpredictable amount of new options being issued, considering that we are 1c away from all existing options being exercisable.  And to your point about the market pricing rule - 8.7 million options in 2021 were repriced from a strike price of 32c or 35c to 18c.

[HIGHonLITHIUM]

GoldInsect777 New options would need to be issued under the company stock option plan. They can't just issue options at will as there are limits under the plan and those plans (and limits) are approved by both the shareholders and the TSX.  A non concern. If you are referring to existing options being exercised and then new options issued to replace the old I don't see that as an

[Jetstream1281]

All I know is if .20 options are going to be cashed, the price is going to be at least 50% higher than it currently is. That doesn't seem like a bad thing to me....