RE:RE:RE:RE:RE:HPQ CEO comment on incentive stock optionsBernard and Team and Peter and Team have achieved numerous milestones/items during 2021 and 2022 will be a stellar year. The share purchase that you reference in your post below haratekid has been addressed by Bernard, see Agoracom post here:
HPQ CEO BLOG
posted on Dec 14, 2021 09:44PM
Good Evening all,
Today, instead of publishing the standard PR stating that:
1) HPQ does not usually comment on stock price and trading activities unless required by regulators, and
2) that the Company would like to confirm that everything material about the Company’s operations has been disclosed! (AKA nothing bad is happening)
I purchased a whopping 4,000 shares at $0.46 in my tax-free accounts to indicate that I find the price action a bit ridiculous.
I would have loved to buy more, but unfortunately, the last 750,000 shares that I acquired via exercising my options when HPQ share prices were trading higher, generated a large tax liability for me.
Naturally, because I believe in the potential of the company projects, I chose not to sell any of my options exercise shares to pay off my tax bills then, as I was confident that I could sell them at a higher price later.
While recent market action has proven me wrong for the time being, I am still a believer in HPQ projects potential, and that I will be proven right in the not too distant future.
HPQ is developing a series of promising groundbreaking technologies in the renewable energy space, and each of these technologies could generate massive shareholder value over time. The importance of the renewable energy space is not about to disappear, so it is only a matter of time before investors will be looking to come back into the sector.
Now, if HPQ shares were the only one correcting that much, maybe I could agree with the comments of some posters that scream that this is an HPQ problem, but this is not the case, most, if not all green technologies companies that I am following are also having a very hard time in the market.
Preparing the change of business document for the TSX-V, I updated our budgets. I will let you in on a secret, HPQ is fully funded to advance our projects (QRR, NSiR, Fumed silica, H2 and others) till the end of the phases we have started ...
Regards, and let hope for better days soon.
Bernard Tourillon
https://agoracom.com/ir/HPQ-SiliconResources/forums/discussion/topics/771290-hpq-ceo-blog/messages/2340722#message And this is worth re-reading/re-posting, also from Bernard on Agoracom:
Dilution and the rationale of our incentive stock options distribution
posted on Dec 31, 2021 05:49PM
I have chosen to take this opportunity and write the following blog to address these issues more broadly.
First, one must realize that talking about dilution is like talking about religion or politics, people have their pre-set opinions on the subject...
Secondly, my years in the business have thought me that for some investors, (and for FUD agents especially), there are simply no good reasons for dilutions.
Regardless of how management structures the dilution and whatever the reason for doing it, for them, dilution is never acceptable, and incentive stock options grants are the worse...
What continues to surprise me, and this since I started in the business, is the fact that people that make a conscious decision to invest in explorations or R&D companies, like HPQ, fundamentally non-revenue entities, complain about dilution...
In addition to having great projects, managing dilution is the key to success, not managing the share prices... When you invest in a non-revenue entity, you also invest in Management's ability to raise the funds required to advance the projects.
I am not certain if everybody realizes it, but stock option issuance and their subsequent exercise represent the cheapest way for a Corporation to raise funds. When all the options granted in December 2021 are exercised, the company will collect over
$ 5,307,500 within two years and another $5,335,000 within the next 5 years...
That is $10,642,500 raised at an average price of $0.71... That is a 54% premium to today's close...
Now I understand that for some, the absolute number of 14,985,000 options being granted by HPQ may seem large, the fact is that this only represents a 4.5% (14,985,000/331,752,267) dilution and it is our first new incentive stock options distribution since 2017, as we were barred until know from issuing new options under the covenants of the IQ debenture.
So, looking at HPQ performance since 2018, it is clear that our incentive stock options distribution is justified.
Furthermore, as the largest beneficiary of the incentive stock options distribution, I chose to have 3,000,000 of my options with an exercise price of $1.00, a 117% premium to today close, as I wanted to send a clear message that my interests are aligned with the best interest of the Company and its investors.
The fact is that I believe so much in the long term potential of HPQ, that I choose to forgo $1,349,999 in potential short term gains ($1.00-$0.55=$0.45 *3,000,000) ... but that is not a point that FUD agents active on social media will never acknowledge... So I decided to point it out...
Finally, let me wish you all my best wishes for a happy and prosperous 2022.
Regards
Bernard Tourillon
https://agoracom.com/ir/HPQ-SiliconResources/forums/discussion/topics/771928-dilution-and-the-rationale-of-our-incentive-stock-options-distribution/messages/2342207#message Long and Strong in PyroGenesis and PyroGenesis!
haratekid wrote:
You ask about things HPQ Silicon has achieved and talk about things that might happen in the future. Fair enough. Oh I forgot, Bernard spent 2000 CAD on HPQ Silicon stocks, big spender - now that's what I call buy signal, yowzer!