NYBob, I agree that options are a good incentive to push managers to be creative in making the company excel but... handing out options at around current price really IS rewarding extreme failure.
There is no incentive for some new perspective shareholder to buy into this company at 2 bucs when options have just been given at 1.82. NONE. The incentive for managers is ... to keep the share price in the money ,which should be easily done by the POS alone.
You and others here have to stop defending the actions of the BOD's. It is very obvious they are not working in mine or your best interests. I have given them the benefit of doubt on several occasions but when they do exactly what I warned against,it seems time to cut the tie.
I am a believer in the Galena as one of the best silver deposits in the U.S. I do not think this management or the directors are incompetent.I think they are playing a game with our money and they are no different from a Union that believes there is nobody else around that can do their job.
The Chairman of the BOD's (Pridham) actually suggested a 3/share price after the merger. Look where we are ,but the options still keep rolling out.
They are trying to gain voting control of this company with themselves and the insiders like Sprott that are no doubt adding to their share count ,quietly. Low prices tend to do that. Unless some real changes are made in the new Year that show value being created by management I would implore all retail shareholders to begin a campaign to either change the minds of current BOD's into a more retail shareholder friendly company or expect no support going forward. In my opinion, we all have to be consistent and diligent of expressing our bad reaction to this latest slap in the face.
AI
