RE:RE:More SEDI actionSo that I understand the transaction correctly, it looks like the CEO exercised his option on the shares granted him after selling enough shares prior to year end to cover the taxable gain associated with the granting of the shares.
If I am reading the report correctly, he now holds a little over 7 million shares that are unrestricted?
So today’s valuation of about .10 cents in C $ if he sold the entire amount, he would cash out pre tax dollars around c$ 700,000.
According to a couple of board members here, he is currently being paid about $2 million C a year to run the company!
$700 k Canadian would be a nice kicker, but in relation to his earnings it less than 30% bonus.
I have to believe the man sees a much bigger pay day in addition to the CFO Ma coming down the pipe if they advance on the Data Center market and close a Sony deal!
If they can execute their plan, and the share prices increases just 4x current valuation at .10 cents and moves into the .40 cent range by year end.
The $700k today could potentially be worth $2,8 million if he liquidated his entire holdings at these levels!
Plenty of motivation here for the guys running the company to bring home the bacon!!!
please correct me if I misread the Sedar report on how many shares he currently holds, we know Darren Ma CFO recently received 3 million RSU shares and not sure if he sold some off to pay the paper taxes due on these shares...
All of this my opinion only