Stroma, which made headlines in 2011 for a still-not-released device that the company said could safely turn brown eyes blue, filed for Chapter 11 bankruptcy Monday. That's the variety that allows a business to reorganize and pause litigation in hopes of staying alive. The once-buzzy California tech company has raised $70 million since its 2009 founding and is still hoping to run a clinical study in Germany this coming year, according to its chairman.
Angkor Resources Corp. has announced the granting of 4,775,000 stock options to its Directors, Officers, and consultants, recognizing their exceptional performance. These options, priced at $0.255 per share, are part of the company's Stock Option Plan and are subject to TSX Venture Exchange approval. Additionally, Angkor has engaged King Tide Media LLC for a one-month awareness campaign, costing US $35,000, to enhance its digital marketing and content creation efforts. This strategic move is aimed at bolstering the company's visibility and market presence.
The new pay package guarantees shareholders won't face dilution if Tesla's stock declines again, addressing concerns from the previous grant where they risked getting nothing.
Zaslav's new pay package will reduce his target bonus significantly while providing opportunities for substantial earnings through stock options, depending on performance.