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Gold/Mining/Energy : Montello Resources
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To: Martin Wormser who wrote (3919)1/7/2000 4:35:00 PM
From: JP  Read Replies (3) of 4256
 
You need to learn how stock options work. The employee simply gets the right to buy up to 100,000 shares of the company stock at .23 cents - which is the market today. The only way he makes money from that is if the stock goes up. If the stock goes up the employee makes money and so do we. If you don't do that sort of incentive you have to pay higher salaries and the employees don't stick with the company very long. I am sure that if this fellow leaves the company -the options don't leave with him.

I think the company will want to creep the price up to 40 cents and then use that as the base level to promote from once the drilling company is picked.
Right now we are clearing out the happy guys that bought at 12 -15 cents and want out. JP
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