Okay, the only good things I can say about this is:
1. At least these options are in smaller amounts than ones issued in the past. Still not the right way to reward themselves at shareholders expense in my opinion. Maybe they are getting our messages.
2. Again previously they have been great at timing and picking near the lows for awarding these things. Let's hope this is the case again. I feel the stock is at real bargain prices (my own opinon) at these levels, IF they can get their act together and start doing something positive for the company???
Good luck to all QST shareholders - We need it now. Angles.
2021-09-03 17:56 ET - News Release
Ms. Audrey Mascarenhas reports
QUESTOR TECHNOLOGY INC. ANNOUNCES GRANT OF STOCK OPTIONS, RESTRICTED AND PERFORMANCE SHARE UNITS
Questor Technology Inc. previously announced on May 31, 2021, that the board of directors had approved the granting of restricted stock units (RSUs) and performance stock units (PSUs) pursuant to the company's PSU and RSU share unit plan, dated April 14, 2021, to certain of its officers and employees. Subsequent to May 31, 2021, the board of directors approved the granting of an additional 95,000 stock options, RSUs and PSUs to a new officer of the company.
On Aug. 31, 2021, pursuant to these approvals, Questor granted to its officers and employees 25,000 stock options at an exercise price of $1.36, and an aggregate of 511,128 RSUs and PSUs. Upon the granting of the stock options, RSUs and PSUs, Questor will have 1,415,337 security-based compensation awards outstanding. The aggregate amount represents 5.2 per cent of the 27,460,120 common shares currently outstanding. Questor's stock option plan currently limits the issuance of share-based awards to no more than 10 per cent of the outstanding common shares.
About Questor Technology Inc.
Headquartered in Calgary, Alta., with operations across North America, the company provides specialized waste gas clean combustion technology and services that destroy harmful pollutants in any waste gas stream at 99.99-per-cent efficiency enabling its clients to meet emission regulations, reduce greenhouse gas emissions, address community concerns and improve safety at industrial sites. The company also has proprietary heat-to-power-generation technology and data solutions to deliver an integrated system that amalgamates all of the emission detection data available, and demonstrates how Questor's combustion and power generation technologies can be used to help clients achieve net zero emission targets at their sites.
Questor trades on the TSX Venture Exchange under the symbol QST.
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