They can be thankful I don't run the company... | TGA Message Board Posts

TransGlobe Energy Corporation

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Msg  6102 of 6205  at  5/26/2020 10:27:40 AM  by

Flying_trader


They can be thankful I don't run the company...


Well, everyone's getting options... and why shouldn't they, after all it takes a crack team of management to get your valuation to FALL 84% from it's recent high on July 2, 2018... but you say well that's all due to the bottom falling out of oil... and you would be partly right... during that period oil did fall 53% but that other 37% was just pure management talent and worthy of a big reward, not even to mention the fine job over the past YEAR trying to re-negotiate the PSCs which we will keep for the next round of options...

So we hand out nearly 400,000 shares to our BODs because God forbid they would have to use a little of that 80k we pay them to shell out 50 cents and buy them on the open market... These options are priced at 73 cents and get paid out in CASH (which we have so much of we will just use it to hedge against our stock price going up) That means if oil goes up and manages to drag us up with it, we will have to shell out the difference between 73 cents and our stock price... could be alot of CASH...

And let's not forget about our C-Level guys, we will give them another 1.5M shares so they can profit from the collapse of our stock price without ever putting one red cent of their own money on the line here...

Well done Board you certainly have a way of feathering your own nests...


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