GREY:CVHIF - Post by User
Post by
DashForCashon Dec 03, 2018 9:52am
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Post# 29053332
Opinion
OpinionI would just throw out that legally closing the transaction after the late October announcement likely will take closer to 8 weeks than the four weeks that has transpired - though they obviously were well on their way to the point of an LOI and the ability to make that announcement. Also, unless you had to, why would you make an announcement in the middle of tax loss selling season? So the faint of heart could grab a penny or two and immediately bail out? Though that may happen anyway in the future, but it is far more strategically beneficial to bail now and get the write off. As for the 10M shares that Nitin can/may/may not earn - I would suspect he did not make that transaction happen if he was not going to earn those options. Though it was not with a "specific Canadian company" one could imagine there was a legal way around that and it may likely be disclosed upon the official announcement of the pending deal. From my point, I would be more that happy to grant them as great incentive for him to succeed. This is the same for the mega options available to the principles of the company we are buying with bonus options at, I believe, 0.23 and 0.34 or close to those numbers - let's hope they get their options to say the least. Read the late October announcement again and draw perhaps a little bit more confidence and patience...if not dump for a song. Cheers, DFC