Y’know, there are handouts to management and there are handouts to management, but ONE POINT NINE MILLION OPTIONS worth $1.6m when you’re on a stock with a market cap of $58.5m? They’ve just awarded themselves 2.75% of the company, FerLaffinOutLoud!
VANCOUVER, BRITISH COLUMBIA–(Marketwire – May 27, 2010) – Dorato Resources Inc. (“Dorato” or the “Company”) (TSX VENTURE:DRI – News; OTCQX:DRIFF)(PINK SHEETS:DRIFF – News; FRANKFURT:DO5 – News) announces that, Pursuant to its 2009 Incentive Stock Option Plan, Dorato has granted incentive stock options to certain directors, officers, employees and consultants allowing them to purchase up to an aggregate of 1,900,000 common shares in the capital stock of the Company. The options are exercisable at a price of CAD 0.85 for a period of two years ending May 27, 2012.
It wouldn’t be so bad if options were the only way Dorato (DRI.v) brass handed themselves the love, but the company racked up $1.1m in consultancy fees in the first nine months of the year and you can bet large sums versus rosquillas that names first in the queue when those contracts got handed out also coincide with directors and Cardero Group pals (and we wait on tenterhooks for the YE and its contents). But on the other hand, the company can always point to this year’s sparkling share price performance…..
Retail shareholders: The crop that never fails.