Post by
canadian on Apr 08, 2021 1:03pm
why stock options at .8 and not more for 2023?
Gen III Oil Corporation (TSXV: GIII) (OTCQB: ISRJF) ("Gen III" or the "Company") announces that it intends to extend the expiry date of an aggregate of up to 2,500,000 stock options, originally granted on April 1, 2019, from April 1, 2021 to April 1, 2023, and to reprice the stock options from $0.40 per option to $0.80 per option (the "Amendment").
Comment by
lscfa on Apr 08, 2021 1:07pm
Duh, The stock price closed at $0.80 on March 23...
Comment by
TurtleDove on Apr 08, 2021 1:21pm
This was a great move by the board which displayed confidence in Gen.
Comment by
canadian on Apr 08, 2021 2:04pm
If they had confidence, should have issued at 2$
Comment by
lscfa on Apr 08, 2021 2:29pm
Why didn't Ceilo mgmt issue options above market price?, jackass.
Comment by
TrickyNicky on Apr 08, 2021 2:36pm
Lol this is a stupid conversation, don't get sucked in... they could have locked in capital gains of $.40 per option or well over $1mm... there was a better explanation on the ceo.ca board. I think Canadian is just salty he missed a $.90 buy in last week