RE:RE:Sefid report 1. Hr ago
Usually it's individuals exercising wts, buying shares from a company's treasury at a pre-arranged price. That transaction puts money into the treasury and shares in the hands of the individual. In Canada, because of our tax law, that individual will likely sell at least a small portion of those shares to cover capital gains taxes, which are triggered immediately the wts are exercised. He/she may well sell more than that minimum, or not, depending on how they view the future of the company.
Wts are often issued as a bonus when financing an early startup is challenging, thus, 'loan us money at a fair rate and we'll give you these wts as a bonus'. Thus people who have wts obviously have had a positive view of the company when they loaned the money in the first place.