On or b4 June 30th/2010,there is a Director Incentive Plan Awards,where they can pick up a total of 793,750 shares for US 0.70.
In Schedule B of the 2010 Stock Option Plan #6 ,Exercise Price,it states:
The exercise price(the Exercise Price) of each Stock Option shall be determined in the
discretion of the Board at the time of the granting of the Stock Option,provided that the exercise price shall not be lower than the Market Price. Market Price shall mean the last closing price of the Common Shares on the TSX Venture Exchange prior to the date the
Stock Option is granted.
The conversion today would make that approx C 0.73 cents.I'm just looking for other
reasons for the huge loss in the SP other than the BP mess.Just something to think about while we're waiting for the AGM & Special Meeting.I know there are other world
events that could be infuencing our shares,but this much.Hoping for the best & hanging
in there.MF