Re: CEO forced to sell due to margin call

Welcome to the Connacher Oil and Gas Hub on AGORACOM

Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta

Reply New Message

Prev Message Back To Forum Threaded View Next Message

exbigblue

Rank: Treasurer [?]

Points: 286 [?]

Votes: 7 Score: 3.5 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Re: CEO forced to sell due to margin call

posted on Oct 14, 2008 12:36PM

Before we feel sorry for our hard-working CEO on the forced sale of a significant portion of his CLL shares, perhaps we should consider what he paid for them. The annual reports shows shares issued due to exercised options as follows 2006 -$.70, 2005 - $.51 (from 2006 annual report)

The forced sale might very well have resulted in a significant capital gain for CEO Gusella. I also assume that he will receive additional options in the future at attractive prices. This is part of his incentive package.

I'm not complaining - merely pointing out that his margin call might not have hurt as much as those of us who paid market price for our shares.