Post by
cammac46 on Feb 05, 2015 12:52am
Insider Granted 500,000 shares at .10
That was last Friday...just before the Saturday news. He can get 500,000 shares..but will have to pay .10...poor boy...details at Canadian Insider...https://www.canadianinsider.com/node/7?menu_tickersearch=EGX+%7C+Ecuador+Gold+and+Copper
Comment by
ser20det on Feb 05, 2015 7:27am
In addition, the Company also wishes to announce that it has granted 500,000 incentive stock options to one of its directors which is exercisable at $0.10 per share and valid until January 30, 2020. Read more at https://www.stockhouse.com/news/press-releases/2015/01/31/ecuador-gold-announces-closing-of-us-490-000-debenture-offering-proposed-shares#lIelzeFC5H7WUV0s.99
Comment by
nightcrawler000 on Feb 05, 2015 9:00am
Why would someone pay ten cents a share when they get the same amount for half the price? (or at maximum six cents!)
Comment by
Solidsnake10 on Feb 05, 2015 9:09am
Because he can pay 0.10 cents a share anytiime between now and 2020.... so if ever the stock price ends up above 0.10 he can cash in.
Comment by
nightcrawler000 on Feb 05, 2015 9:22am
Sorry! Thought you said he bought them outright at the time. Ooops!