Replies to post #1950 on Cross Border Resources, Inc. (XBOR)

[SeaOhToo]

So what? Wasn't that the old management that most say screwed up the company. Defend why Management, employees desreve 15% of the company as an incentive? This on top of the salary and benefits.
Most companies have shareholders vote each year on an incentive program. Did I miss where shareholders voted on this.

[SeaOhToo]

This was from the 2009 plan prior to the forward split.


http://sec.gov/Archives/edgar/data/1373485/000106299309001917/exhibit4-1.htm

ARTICLE 4.
STOCK SUBJECT TO THE PLAN

4.1 Authorized Number of Shares

Subject to adjustment from time to time as provided in this Article 4.1 and in Article 12.1, the maximum aggregate number of shares of Common Stock available for issuance under the Plan shall be 1,700,000 shares. At any time after August 1, 2009, and from time to time thereafter, the Board may increase the maximum aggregate number of shares of Common Stock available for issuance under the Plan, provided that the maximum aggregate number of shares of Common Stock that may be issued under the Plan shall at no time be greater than 10% of the total number of shares of Common Stock outstanding.

So 5 times 1.7 million is 8.5 Million shares. (adjustment for forward split)

How did we go from 8.5 MM to 14.5 MM? How did we go from 10% to 15%? When did the shareholders approve that change?