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Gold/Mining/Energy : Winspear Resources
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To: Rocket Red who wrote (18166)4/13/1999 9:54:00 AM
From: ddl  Read Replies (1) of 26850
 
Well, I re-read the material and it does specifically say "authority be given to the directors to grant to the directors, senior officers, employees and other insiders.....blah blah blah".
In addition to this we should also note explanation #11 of the financials "related party transactions" and I can assume that RT has "other income" in excess of his yearly salary plus the 1MM options.
Looks to me like someone is setting themselves up for a buyout.
Now why don't they time these extra options for let's say 3 years and are only exercisable if they still own the Co., I wonder if it would be there?
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