RE:RE:BankruptI know how RSU's work and they did not have to exercise them for cash on the vesting date. They could have held on them, no company forces you to cash out your RSU's upon vesting - as that has tax implications to employees and defeats the purpose if you have to cash them as soon as they vest. You can't exercise them for cash UNTIL THEY VEST, but there is nothing in the management circular issued at the last AGM that details that says you have to cash them on the vesting date (which is 6 months to a three year period after they were awarded). I agree with the poster who said that this is a bearish sign. And I also agree with previous posters who say that you can BELIEVE NOTHING that comes out of this managmenet including the money thay "say" they have. (Not that they are saying anything now, probably on advice of their legal counsel.)
No position. One held, but thankfully exited months ago when the CEO and Kupinsky started shuffling their shares to other business entities off shore.
Lumberfeverlong wrote: Do you even know how RSUs work? Upon vesting, which is dependent on time elapsing and sometimes performance metrics being met, the RSUs are paid out on the basis of the share price at the time of vesting or during a short period before vesting date. All of these insiders were paid out under the plan. It is not the bearish sign you are claiming to make it.
Shortingtozero2 wrote: All Insiders cashed their vested RSU's 2016-Nov-22 at CAD $4.3460
The same day that the Bondholders got Akin Gump to represent them.
This is Pure Gold. Equity is Zero.