Majestic Gold Corp. V.MJS

details stock option plan

[richard45161]

As far as i understand, there can up to 10% of the shares in existence (105 million shares of 1050 million shares) be given out to members of the management. This shares will further dilute the value of the current share holders.

is this correct?


thank you as always
best
richard

[Value2020]

This basic assumption is correct. 2 things have to happen for this to be true... One that all the options are granted before the next AGM. Two that the management has 10M dollars to exercise all these options. None of the above 2 statements is true right now.  Potential it can happen but it would mean that we did secondary at .10c of 100 million shares.

[richard45161]

This post has been removed in accordance with Community Policy

[nozzpack]

Those options vest over a period of years , so to assume that they all vest in 2023 would be incorrect..

[richard45161]

dont know who assuemed the options will be exercised in 2023? details on page 18 https://majesticgold.com/site/assets/files/4491/2022-q3-fs.pdf Again, all we have factually is nothing (no dividend, no sharebuy back, no decent communication) :) and 10% possibel share dilution with a benefit of the mgm.  All the prospects are right no Stardust, or like in wolf of wallstreet "Fugayzi

[Nklogix]

What we have is an execution of the project in a foriegn country. What we have is an operating mine for the last 11 years with a clean safety record. What we have is expanded mining area. What we have is growing profits. What we have is 20 years of mine life. What we have is operating license till 2031. What we have is BEST IN CLASS operating costs. What we have is 70 Million in Cash. Yes

[Value2020]

Please read carefully... for the dilution to actually occur the following will need to happen over time... 2 things have to happen for this to be true...   One that all the options are granted before the next AGM. Two that the management has 10M dollars to exercise all these options. None of the above 2 statements is true right now.

[richard45161]

? I dont understand ? Options can be granted Up to 10% and for a longer timeframe. The next agm does not play any role, other than they can try to issue a new stock option plan if they see it nessesary.  They can grant 1/3 2023 / and the other 2/3 2024 or in x other possibel combinations. The Importamt information ist that they can dilute shares  up to 10%, which is a lot. 0,10$ is a

[Value2020]

I agree that the management is getting a deal here. Look at it from another point of view, right now the market values MJS at .11c per share. Now we all know that the shares are undervalued PERIOD. Hopefully with these options grants ( i voted against ) will have the effect you want of higher share price.