TSXV:WEE.H - Post by User
Comment by
BenVest99on Jul 16, 2010 6:59am
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Post# 17274216
RE: RE: RE: New director has skin in game
RE: RE: RE: New director has skin in game"The director could have held onto the options until the share price was 3.00 and then exercise the options and bought the shares at 1.45. I think he exercised his right and bought the shares. Am I wrong?"
Yes, you are wrong. The director has just been nominated and he has been granted (given) options, he didn't exercised them yet. You are right that he will have to pay the $1.45 price to buy the shares associated with these options, but he will likely do that when the share price will be much higher.