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ID Supermoney

08/09/14 7:23 PM

#6222 RE: majatamata #6221

These GUYS DID NOT BUY over 14.2 million shares!!

THESE were BONUS SHARES!!


More HUGE HUGE DILUTION!!

The shares were issued pursuant to the Company's 2014 Incentive Stock Bonus Plan. The shares are subject to forfeiture (unless certain performance goals are met) and/or accelerated vesting (in the event of a change in control) as described in the Company's proxy statement filed with the SEC on May 30, 2014.




GLTA

ID

Foxwoods Man

08/10/14 7:50 AM

#6226 RE: majatamata #6221

I will agree..that is a HUGE amount of shares just given away for "reaching milestones"....around 15 million that could have been an offering and added to company cash

If that is true (no reason to not believe it) then the "I want my .80's" people will get their wish

The only thing weird is that there were 4 other officers who got a reasonable 100k shares and another receiving 200k. That is pretty decent in my book but then it jumps to the multi-million share range gifts.

5.6 million, 3.1 million (x2) and 1.8 million are VERY nice gifts for a company that is burning cash...

"Thank God the Fire Department is here to put our house fire out...wait...why are they pouring gasoline on it?"

It will be an interesting week ahead....