RE:How much are they trying to raise?Digitel, no matter what company you talk about, you've always had a great time quoting various things that their people have said in interviews, on the website, in corporate presentations, financial reports, MD&As, etc. I understand that holding their feet to the fire about past predictions and actions is fair game, maybe even fun for you.
This business of ownership of shares by Bioasis board members and offficers does stick out. I have to deal with the question all the time.
On January 9, 2019, Bioasis
announced the appointment of Christine Antalik as Chief Financial Officer. In the press release it was also announced that our new CFO would receive options that would be priced "immediately following the expiry of the current 'blackout' period under the Company’s insider trading policy."
I don't know how long Bioasis has considered itself under blackout. Further, cautious executives and board members in all companies are free to impose their own blackouts when they think that legal prudence suggests they should.
You might consider for a moment the situation all corporate directors and executives are in when they're in possession of material or potentially material information that forces a blackout. If the information they're sitting on is bad, then I suppose they could feel relieved that they've been blacked out. But if the information is good, then their chance of buying cheap stock in financings or in the market may be forever gone. It's one of the reasons why many capable people refuse to be corporate insiders.
My point is, the company has publicly indicated that a blackout exists. It's intellectually lazy (or malicious) to complain about officer and director ownership of shares when a more relevant question might centre on possible reasons for the blackout. xB3, we do believe, may be something special. Is it so hard to contemplate that others in the industry might think the same?
jdstox ps. Note in the PR referenced above that the fiscal year is described as September 30, 2018. As I'm sure you all know, the fiscal yearend is February 28, 2019, with reporting
due by June 28, 2019.
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