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Bullboard - Stock Discussion Forum Pieridae Energy Ltd T.PEA

Alternate Symbol(s):  PTOAF

Pieridae Energy Limited is a Canadian energy company. The Company is an upstream producer and midstream operator with core assets concentrated in the foothills of the Rocky Mountains. Its business is focused on developing and producing conventional raw natural gas and processing it into sales products that include natural gas liquids and sulfur. The Company processes these commodities by using... see more

TSX:PEA - Post Discussion

Pieridae Energy Ltd > Grant of options
View:
Post by Zach88 on Nov 18, 2020 7:24pm

Grant of options

Does anyone know why the insiders are using their option to purchase shares at $0.86/share when the market price is $0.61/share? I assume there is an internal benefit that lowers the cost per share. Thanks in advance.

https://ceo.ca/api/sedi?insider=&symbol=PEA&date=&transaction=&amount=&undefined[company_symbol]=PEA
Comment by BigFanLNG2018 on Nov 19, 2020 8:23pm
It looks like the Directors received their annual grant of options.  When they enter it into CEDI, it looks like a transaction.  Options are granted at $0.86, which I belive was the price of the last share offering.  My best guess. Otherwise, if insiders are exercizing options at $0.86 it's because they were about to expire and they felt there is a good chance the stock is ...more  
Comment by BigFanLNG2018 on Nov 19, 2020 8:31pm
Whoever is managing their SEDI fiings is doing a very sloppy job.  Information on insiders, especially the share ownership balance, is inconsistent.  
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