OTCPK:EMMBF - Post by User
Post by
MrOptimizationon Sep 26, 2018 8:11pm
123 Views
Post# 28697426
Officers and Board have no confidence in the company
Officers and Board have no confidence in the companyIf the Officers receiving the options had confidence in the company and ability for the stock to increase, they wouldn't have been granted options exercisable over a 5 year period with a strike price of 1.60. It would be 1.80 or 2.00 (because in 2-3 years time, that would still be a discount).
Putting it at below market rate is a big flag/concern for me. And for the Board to approve that, it shows we dont believe in the long term value of the company, and we dont want the Officers here long term either.
I sold all 30,000 shares. I'm out unless it goes to a good discount like 1.20-1.40