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12/12/18

Eco (Atlantic) Oil & Gas (EOG.v): greedy assholes

Check out the MIC with the proposals for its AGM, just out. It includes this pearl

Pursuant to the Stock Option Plan, the maximum number of Common Shares reserved for issuance in any 12-month period to any one optionee other than a consultant may not exceed 5% of the issued and outstanding Common Shares at the date of the grant. The maximum number of Common Shares reserved for issuance in any 12-month period to any consultant may not exceed 2% of the issued and outstanding Common Shares at the date of the grant and the maximum number of Common Shares reserved for issuance in any 12-month period to all persons engaged in investor relations activities may not exceed 2% of the issued and outstanding number of Common Shares at the date of the grant

As it happens, EOG has eight (!!) directors nominated, so that means just those self-serving shitbags get rights on 40% of the float next year. Add in the consultants and various parasite hangers-on, we're talking 50% minimum.

Do Not Feed The Animals.