Wolf Energy Services Inc (WOEN)

[Oxonius]

These aren't options but "restricted stock" which, essentially, is a gift with no requirement for performance or anything else apart from continued tenure - basically, it's $155,000 worth of stock each year for five years; and, there is an upside for the lucky fellow, as he'll hope that the price will be far higher than $0.31 over the next five years.

It's a pretty sweet deal but then its face value is only half of the former CEO's old salary ($310,000) - the same CEO who granted himself (and family members) millions of under-market options at a penny each and drove the company into the dirt.

I'm assuming that this grant will convert to 10 million shares after the 4 for 1 distribution, with the share value going down to $0.0775.

With regard to the distribution, it looks like the parent does not announce the record date in advance, but rather after the close on the actual date that has been selected. It seems to me that selling now would be very foolish, particularly at a price lower than $0.31, as happened in today's trading.

Anyone have any ideas about who might buy Florida Precision Aerospace at pennies on the dollar? !!!!