TSXV:HRE.H - Post by User
Comment by
TrickyGameon Jul 15, 2019 5:05pm
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RE:RE:RE:RE:Issue stock options: 2.3M
RE:RE:RE:RE:Issue stock options: 2.3Mgodphoenix888 wrote: what year was this and what was sp at?
It was july 13th filing date was today. I actually added everything up and the directors and management minus Rodney Irwin own a combined 16.6 million common shares which is 8% ownership of the company. Rodney owns 0 commons it looks like but he owns 5 million options. Directors and management own about 20-25 million options and about 1.75 million warrants. So once all the options and warrants are exercised the total shares outstanding will be 230-240 million with the directors and management owning about 18% of the company.
There is only 2 weeks left in July and if the PCA keeps thier schedule the 'Award' will be announced in July. It has a 50% chance of being this week and a 50% of being next week because the notice period will be at least 5 business days so it cannot be the last week of july because there is only 3 days that week.
Now here comes the kicker if the directors and management thought the PCA would announce that Stan's LOST, hypothectically the directors and management would be selling thier commons and exercising and selling thier options to make some money before the announcement of the loss and the shares losing all value. Because lets face it if we lose the case we will have no way of paying the legal funders back and financing the lithium deal or any other future project. BUT THE DIRECTOR'S ARE NOT SELLING THEY ARE BUYING/GRANTING OPTIONS, WHICH AS WE ALL KNOW HISTORICALLY MEANS THE DIRECTORS/MANAGEMENT THINKS THE SHARE PRICE WILL RISE BASED ON A RECENT STUDY.