Tuesday, 16 December 2008

Santa Visits AeroMechanical

AeroMechanical Services Ltd., (TSX:V-AMA)
Basic Shares: 82.5 million
Fully Diluted: 88 million

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Santa Claus paid a well deserved visit to all AeroMechanical employees with the granting of up to 700 thousand incentive stock options.
There's just one catch.

Those in the executive ranks need not apply for the options because it's only open to non-officer employees, the news release stated.
Management confirmed that the officers and directors elected not to take advantage of a depressed market for themselves.

Executives believe AMA share prices are unjustifiably low so pricing the options in a low range ($0.20 per share) will allow employees to take a stake in the company and benefit from escalating prices when the markets recover from the current gloom.

To view the entire news release and see all the pricing and deadline details please click here.