"On September 8, 2015, the Company adopted the 2015 Incentive Compensation Plan ("the 2015 Plan") which authorizes up to 5,000,000 shares of common stock issuance to persons employed by the Company either as an employee, officer, director or independent consultant or other person employed by the Company, provided that no person can be granted shares under the 2015 Plan for services related to raising capital or promotional activities. There are no restrictions on resale upon the purchases of the stock from the employees or the consultants, unless contained in the written award approved by the Board of Directors. During the three months ended March 31, 2016 and 2015, the Company did not grant any common stock warrants to consultants, directors and employees, respectively, related to the 2015 Incentive Compensation Plan. As of March 31, 2016, 4,987,500 shares are available under the 2015 Plan for future grants, awards, options or share issuance.
The aggregate intrinsic value of options outstanding and exercisable at March 31, 2016, based on the Company's closing stock price of $0.12 was $0. Intrinsic value is the amount by which the fair value of the underlying stock exceeds the exercise price of the options.
There were 500,000 options granted to an officer for past services during the three months ended March 31, 2016. The options have an exercise price of $0.16 per share. The grant date fair value of these options was $0.06 per share. The options vest immediately and expire 5 years from date of grant."
The only question now is weather 236 can create buying demand with a "news" story, enough demand that they can get a few million dollars out of the market. Watch and learn
