Critical Elements Lithium Corp V.CRE

The Omnibus Plan ???

[tinker901]

41 million shares reserved for the board of directors ??

WTF !!!!

[Wheeler]

They will not be free shares, they will have to be purchased. It does say that this plan replaces the old stock option plan. My question is are there any potential shares associated with the old stock option plan that will now be eliminated by the new plan?

[tinker901]

You are right Wheeler, But there is a potential of 40 million new shares (DILLUTION) Even if they are not free, if they want to attract and maintain high ranking directors, the options will be at a significative discount.

[tinker901]

Also, Why would you want to include news like the Omnibus Plan with news of new lithium finds ? For me it is like +1 -1 = 0 Let us see how investors react.

[Wheeler]

All true, and I certainly do not care for any unnecessary dilution just like any other shareholder, but these shares should not be granted as a discount to whatever the current share price is at the time, and I suspect most of these shares will not be granted until after we have a permit and financing in place when our share price should be much higher. And if that is the case, it should reduce

[tinker901]

I also hope you are right Wheeler. I was just thinking, just how many directors does management need ? We already have a president, CEO and CFO that are assisted by a half dozen directors as of now.  So hire 10 more and give the resulting group of 20 big cheese guys 2 million options each ???

[monkeyhere171]

As I have always stated, my concern with Management is their history of dilution so these 40M doesn't sit well with me! What dilution we will get when they look to finance the mine?? Are they allocating 40M because expectations are to significantly increase the shares so their compensation does not affected? Like instead of 1 share for $3 they get 2 for $1.5 so no value lost for them??? And

[Bullatnl]

I agree with your expectation of dilution at this point , I was skeptical before this release, it's obvious the door is open for it.  the retail investor means next to nothing to these guys, can't be surprised!  Good luck all the same , we will still do well!!   cheers'

[dalesio_98]

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[HuntNGather]

I suspect the higher percentage is allowable by the way that they are going to hold them for future distribution and they are not granting them all now.  It is more like a shelf-prospectus type of idea I would think.  They lock them up now (and likely secure a nice low grant price) and then they can use them as carrots, bait and sticks later for employee attraction and retention. 

[elvishasnotleft]

Hmmm, 41 million. A drop in the bucket. Could have been 410 million. I own some shares of Talon (TLO). They are closing in on 800 million shares OS and a probable a reverse split in the near future. These 41 million shares are meaningless unless we get the permit. If we don't get the permit, well y'all know what's next.... Hope 4 the best, prepare 4 the worst.

[dalesio_98]

You mean like ... Nemaska Lithium, Stornoway Diamonds, Orbite Technologies, North American Lithium, Blackrock Metals and now Xebec Adsorption ...

[elvishasnotleft]

My mistake on Talon, they have almost 900 million shares OS.  :o I remeber LAC did a reverse split years ago. They are still plugging away. Repeat after me... "Give us the permit" "Give us the permit" "Give us the permit" "Give us the permit" "Give us the permit"