pio, I have owned this stock for a number years. I strongly disagree with this proposed options program. You can call me a troll if you want. I just want management to perform they way they should. When they have done what has been promised in the past then maybe they will deserve additional rewards. However, IIRC they were going to be in production over 3 yrs ago. They were going to communicate with the stakeholders better, they were going to be more open about their progress and plans. Have they done that? not in my opinion.
I am highly distrustful of this management group and suspect that any 'performance' goals established with be 'token' goals at best. I would strongly urge all shareholders to vote their shares against this program. JMHO. GLTA
sewell- thanks for checking.Not sure who I would trust more- IR at RBY or official docs filed by the company on SEDI. I find it odd that they would not have consistent info (well, actually not) in IR as to what is a formal financial document filed with the gov't. I have to agree that to pass out no-cost options is really strange.
I understand that the new presentation is out and it seems a lot of things have been removed. i.e. the Gantt chart and flow chart have been removed so we have no real idea where the path to production stands, they still have not received their funds from RG, and they seem to refuse updating the financials so that stakeholders can see what has been spent and where and what funds remain to get to production..
In addition to this the executives and BOD have awarded each other with hundreds of thousands of shares of no-cost options. Every day that passes the executive group seems to want to exclude the stakeholders from having any updated info about the company. This is beginning to sound more and more like a BRE-X situation and those out side of Ca. have little legal recourse to protect themselves. GLTA