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Message: Stock Options

Stock Options

posted on Feb 04, 2010 06:53PM

Based on the Canadian Insider, stock options were allocated as follows:

Brian Maher @ 350,000, at $.50

Tony Wood @ 300,000, at $.50

To confirm the total aggregarate amount of 1,350,000 will be allocated amongst Brian, Tony, Tom and Darren

From my point of view, stock options can work in our favor as it serves as a driver for KXL Management to create shareholder value through SP appreciation. Based on today's close, the stock options have no value and therefore Brian and et al are focused on getting the SP way north of $.50

I know today was a tough day on the markets but it was across the board and not specific to KXL.

I fully support the allocation and view this as a positive event.

Regards

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