Meaning of the optionsThe exercising of the options without a doubt has 2 meanings, both of which are true:
1) The company is in financial trouble
2) The management has confidence in the company
To explain point 1 further - the $0.08 options were granted in June 2023, expiring June 9, 2025.
As far as personal investment strategies, there is no reason for the insiders to exercise these right now. Even if the shareprice were to skyrocket, they would still be able to buy these at $0.08, that is how options work. To put your own money in at below market value would make no sense as an investment strategy. They would only do this if they saw the company needing money.
On the upside of course, they have the confidence to find that cash in their own pockets and provide.
One question I have - they need to do a finance anyway for the sake of uplisting, why not do it now? Either way, more shares are coming into existence (they just effectively turned options into shares), so why not kill two birds with one stone? I know MG said that the financing/uplisting was on hold, but the company being in need of money was never part of the discussion.
Also, the whole point of the recent webinar was to discuss the financials and how angry everyone was. He indicated that the losses were due to costs associated with closing the COVID business and that the company was financially healthy. It seems from this injection of cash that he wasn't being honest.
For others with more experience than me, is this approach to communication (sort of shameful hiding of the concerns) typical, or a DM approach?