narmac- In the 20 plus years I have been playing this game I have never seen a situation where options were granted as a result of attaining a prespecified goal. Not that it has never happened, I have just never seen it. It is usually cash incentives that are awarded in those situations. Options are generally issued to retain and reward key personnel of corporations. Smaller corporations seem to be more liberal with the issuing of options as they generally do not have the dollars available to reward those key personnel with higher salaries and cash bonuses. If these options that have expired are out of the money then I totally understand why they were left to expire. It would not be surprising to see options issue to replace these expired options and maybe even increase the number of options at the same time.

There have been many companies that have issued option only to have those people receiving them exercise, sell and then get issued more options. Kind of like a second salary. In the 10 years or so that I have been in this story I have not seen that at all. From that point of view this whole team at RVX seems to be in this for the right reasons which is all in the the shareholders best interest. That's not to say there haven't been challenges to overcome, self inflicted or otherwise. The finish line is now very visible.

I have no problem at all seeing those that got us here reawarded for not walking away and leaving us here to hold an empty bag.

I would still rather have seen these options exercised by the individuals and then have those shares retained by them. But then that could be viewed as being extremely greedy if this works out the way it could over the next 12 months. Any options issued to replace these expired options will likely be divulged in the MD&A that comes out after the one we are expecting in the very near term. If not at that time then in the next AIF.

All IMO, dyodd

tada