I think your opinion is shared by many. But I would like not to have to hold my shares for years before realizing the profit. I would rather have the options. so the executive and directors may have some skin in the game,,,,,but they don't have their coin in the game to the degree that shareholders do until they exercise. And often they don't....whereas the shareholders are forced to sell at a loss.
This doesn't appear to be the case. But let's say the Senegalese had a revolution and trumped up some reason to nationalize the far properties....The execs lose the options they didn't pay for....and you and I lose the lot.
There could be less serious scenarios, but all come down to execs given options.(lots of them) If someone could point out that these particular options are assessed tax-wise.....as suggested by one person, and refuted by another....then I would be appreciative of the tax lesson. Thanks
Rae915
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Ann: Notice of Meeting, Executive Incentive Plan and option issue, page-108
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