Critical Elements Lithium Corp V.CRE

Management - Increasing share positions

[blowshigh]

Hi Folks,

Interesting

According to SEDI - Insider reporting system 
Management have completed some share sales in order to pay for excercising some options to INCREASE their holdings.

Haber sold 400,000 at 1.55 on Oct 19 to excercise 1,000,000 options at .56 cents
Natalie sold 200,000 at 1.55 on Oct 19 to exercise 605,000 options at .56 cents
JSL sold 700,000 at 1.55 on Oct 19 to excercise 1,025,000  at .56 cents 

View the transaction here if you can't on SEDI
Canadian Insider

Also hadn't looked at Institutional holding for awhile as of end of Sept
RBC Asset Management hold 3,545,500 shares spread across 4 of their funds

Cheers

[Wheeler]

Wish I could flip my shares for triple, many of us have been here a lot longer than Haber, I think we deserve it.

[monkeyhere171]

Now we know who was selling lol They used the recent run up to obtain more shares for free, but in overall should be positive sign that management expects the price to rise further. Good that they waited to sell, should this was done a month ago, the selling pressure would have collapsed the stock.

[Wheeler]

I certainly see it as a vote of confidence, nobody can complain about cre management dumping shares.

[blowshigh]

These .56 cent options would have expired in November Yes definite vote of confidence, instead of taking money off the table they rolled it all into more shares with the expectation of further upside. I'm good with that!

[Longalways]

Hello, i'm not sure to really understand what's in SEDI declarations. We can see option in + and - and then shares in - . I can undertsand that they could have lost options when they are about to expire and they decided to use it. But I'm not sur they are buying back with their $. Please help to understanf how to read the declarations.

[SmilingDog]

A user on CEO.CA says that these share sales were to a fund that wanted more exposure to CRE. So management exercised options. Kept some shares for themselves, sold the remaining in a "cross" to this fund. See CEO.CA board for the discussion around this.

[SmilingDog]

This would also explain why insider share sales on 10/19 significantly eclipsed total volume across exchanges. 

[Rinny1]

Guys remember the massive cross trading on the 19th all at 1.55$  this explains this now !!

[SmilingDog]

Yep - I thought this was very positive - I wouldn't be surprised if they were at least partially responsible for the latest move higher - not enough liquidity to build their position so they asked the company for more