- The company’s 2019 equity incentive plan is designed to help it add and retain talented employees by leveraging equity participation incentives
- The plan is aimed at motivating individuals who perform services for CIIX
- CIIX CEO projected $11-$12 million in revenue for fiscal 2020 during an interview with Redchip Money Report
ChineseInvestors.com Inc. (OTCQB: CIIX) CEO Warren Wang projected in a Redchip Money Report interview that CIIX’s sales will reach $11-$12 million in FY2020, the 12 months ending in May 2020 (http://cnw.fm/77jvY). The company has long been reaching a Chinese-speaking audience in the United States and Canada with investment information on a myriad of topics.
As part of its program to ensure that growth, CIIX has filed with the SEC an S-8 Registration Statement detailing its 2019 equity incentive plan, an equity participation stock-option program designed to recruit and retain employees (http://cnw.fm/fM6H2). The goal is to retain existing employees and add talented new employees to the company by providing them with an option to buy CIIX common shares. The registration statement is for a maximum aggregate of five million shares of common stock, per the filing.
The plan could allow CIIX to grant employees an option to purchase common shares of the company. The options are intended to qualify as “incentive stock options” to the maximum extent possible under the Internal Revenue code. The S-8 SEC filing Registration Statement specifies that the board must first approve the plan, with stockholders providing approval within 12 months of board approval.
CIIX is a diverse company that offers its audience of Chinese-speaking investors real-time market commentary, analysis and education-related services in Chinese language character sets. CIIX maintains a website, Chinesefn.com, and has a following of more than 100,000 registered users and 5,000 subscribers. The site offers its audience up-to-date analysis on currencies and other financial information.
For more information, visit the company’s website at www.ChineseInvestors.com
NOTE TO INVESTORS: The latest news and updates relating to CIIX are available in the company’s newsroom at http://cnw.fm/CIIX
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