Golden Mountain Financial Holdings Corp. (fka FNBCQ)

[db7]

chapter 11 plan confirmed? excited with this one 'especially' since EnterprisingInvestor found these option prices (again assuming no splits we are unaware of..etc...etc.)


Enterprising Investor Member Level Wednesday, 05/13/20 08:28:57 PM
Re: None 0
Post # of 1991



Exhibit F: Stock Option and Warrant Disclosures

After Confirmation and the occurrence of the Effective Date, the Debtor contemplates the following awards to offices of FNBC: (i) 400,000 options exercisable at $.50 per share (380,000 of which have vested) to Blake Jones, CRO; (ii) 400,000 options exercisable at $.50 per share (380,000 of which have vested) to Shivan Govidan, CEO; (iii) 400,000 options exercisable at $.50 per share (380,000 of which have vested) to Andrew Nash, CFO; (iv) 50,000 options exercisable at $.50 per share (47,500 of which have vested) to Matt Elsom, Senior Financial Analyst; (v) 50,000 options exercisable at $.50 per share (47,500 of which have vested) to Mark Haden, Business Development Officer.

The payment of (A) cash incentives of $75,000 to each Elsom and Haden, and $100,000 to Andrew Nash and (B) equity incentive awards (in the form of either stock options or SARs) up to 1.1 million shares or equivilents to executive management.

In addition, the issuance of 5-year warrants exercisable from the Effective Date to purchase 600,000 shares at $.3896 per share to Nexxus Holdings, the largest First Round Investor.