RE:Tilt Directors Forfeit OptionsAnother 12h shift of refreshing this board non stop today DogSnatch? You should finish high school and get a better job lol.
mydogchach wrote: I don't know much about such things - and I believe Tilt has had it's own share of questionable financing, but it seems that for Directors to 'forfeit' 60 million options is a positive.
Zena's Directors on the other hand might have shorted their own stock? - and I'm not sure why some lossers on this board feel that it's okay for them to do that - but complain day after day after Zena being shorted by others.
If nothing else, it would be good PR for Zena's Board and their share based compensation to also 'forfeit' some options? Show the investors there's some will towards turning things around?
"The earnings release instead focused on the board and management forfeiting 60 million stock options (along with their $5.25 strike price), seemingly making a stab at a turnaround narrative for the beleaguered company. The selfless “forfeit” of those options created an accounting entry that put TILT nominally in positive EBITDA, which they also found more noteworthy than their record cannabis margin, and that might have been a good strategy, because the company closed the final $10M tranche of their long awaited syndicated loan the very next day."