Wisper Inc. - Directors Agree to Cancellation of Stock Options.Business Editors TORONTO--(BUSINESS WIRE)--April 23, 2001 Wisper Inc. (CDNX CDNX See Canadian Venture Exchange (CDNX). :WIP WIP Work In Progress WIP Work in Process WIP World Internet Project WIP Women in Prison (movie genre) WIP World Institute of Pain WIP Wash-In-Place WIP Women in Publishing WIP Work In Place WIP Wireless Internet Protocol .) announced today that directors of the company have agreed to the cancellation of an aggregate of 700,000 stock options held by them. 550,000 of the options to be cancelled were granted on March 16, 2000 and are exercisable at a price of $1.05 per share while the remaining 150,000 options were granted on April 12, 2000 and are exercisable at a price of $0.55 per share. The options are being cancelled in order to make room for the company to issue additional stock options under its option plan to employees in an effort to retain and motivate these individuals. About Wisper Inc. Wisper Inc. and its wholly-owned operating subsidiary An operating subsidiary is a business term frequently used within the United States railroad industry. In the case of a railroad, it refers to a company that is a subsidiary but operates with its own identity and rolling stock. , Wisper Networks(TM), are headquartered in Mississauga, Ontario and the common shares of Wisper Inc. are listed on the Canadian Venture Exchange The Canadian Venture Exchange (CDNX) is now a defunct stock exchange having been acquired by the TSX Group in 2001 and renamed the TSX Venture Exchange. History of the Canadian Venture Exchange (CDNX) (CDNX) under the symbol "WIP". |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion