Lifeist Wellness Inc V.LFST

management’s efforts to preserve cash resources

[whisky11]

Consistent with management’s efforts to preserve cash resources and reinforce their commitment to the Company, certain officers of the Company have agreed to receive their short-term incentive in options in lieu of cash. Additionally, Namaste’s CEO Meni Morim’s request for a pay cut in favour of long-term incentives has been granted, with the Board of Directors agreeing to a 17% reduction. In addition, the Board approved other option grants pursuant to agreed long term incentive plans. With this in mind, of the total number of options granted, officers of the Company received in aggregate 3,737,056 options, with directors and employees receiving the remainder.
https://www.namastetechnologies.com/namaste-completes-tsx-venture-filing-for-option-grants/.

[randomtask]

yet here we are, no cash and further dilution...

[Moetown1]

I understand that and read the news release before... I just didn't think they would be getting shares now... you'd think that have to fight and earn their shares, not be given them at a 3 year low 

[steveM45]

time for another financing so they can make payroll again vs issuing more options?