Ann: Director Appointment/Resignation , page-12

difficult to believe WGO gave Mike Young 6 million 20 cent options for doing next to nothing

currently, the 6 million options are worthless (out of the money), which is probably indicative of what Mike offerred to WGO, i.e., nothing!

imo, WGO really needs to tighten the ship and issue "performance options" rather than ordinary options to directors that wish to visit the WGO boardroom for a short holiday & site seeing tour before leaving

that said, i would guess the change is Terry Streeter's doing (and unrelated to Mike)

Terry invested $4 million into WGO for a 13.5% holding where as Mike received a few beers, a few wines & some free lunches for watching the Discovery Channel & brousing the Lonely Planet guide about West Africa

receiving 6 million cheap options for doing nothing vs Terry Streeter paying $4m for his 25 million shares

WGO - tighten up the gravy train please guys and move that drill bit


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