Re: No Surprise
in response to
by
posted on
Feb 13, 2012 04:17PM
San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.
"And now we find out he doesn't even own any shares!"
Why is that a surprise. He has lots of stock options which allow him profit over the strike price with no cash outlay, no money at risk and favorable tax treatment (as capital gains) when he excersises them and sell the stock. It's industry standard for Management and Directors and they very much like it that way, much more favorable than the way we take partial ownership of a public Company.