RE:Zoomd As An Alternative.....?TLDR:
I'm worried these guys are only interested in cashing out once the time is right.
They have too many cheap stock options that are deep in the money. Shareholders will be diluted.
Read long ersion of post for reason.
Long version My key concern regarding Zoomd are those dirt cheap stock options. I also have a few shares but it's unclear how much of the options have been exercised as of the end of 2021. The selling pressure suggests someone is keeping the price down but no reports have been filed so it's hard to tell. I've seen situations where insiders report very late especially on the venture exchange. As one would imagine, regulatory oversight is weak. Here's a summary from the most recent management information circular:
"As at December 31, 2020, the following stock options were outstanding to directors and Named Executive Officers:
(a) Amit Bohensky, Chairman and a director of the Company, owned an aggregate of 505,238 stock options, each exercisable into one common share at a price of $0.0004 per share.
(b) Amnon Argaman, a director of the Company, owned 257,442 stock options, each exercisable into one common share at a price of $0.0004 per share.
(c) Avigur Zmora, a director of the Company, owned an aggregate of 511,691 stock options, each exercisable into one common share at a price of $0.19 per share.
(d) Ofer Eitan, CEO and a director of the Company, owned an aggregate of 505,238 stock options, each exercisable into one common share at a price of $0.0004 per share.
(e) Tsvika Adler, CFO of the Company, owned an aggregate of 323,128 stock options, each exercisable into one common share at a price of approximately $0.0226 per share.
One Alex Jurovitsky exercised 943,954 stock options at an exercise price of $0.0004 in 2020 or so.
I also checked the most recent financials and it suggests only 334k were exercised in 2021 at 0.03.
These options are deep in the money so I'm of the opinion that these guys are ready to dump at any time. Worthy of note is that 1.8m expired and 203k were forefeited but they still had 7.9m at a weighted avg exercise price of 15cents.