RE: Trevor SandlerAccording to Reuters, Trevor Sandler has/had 400,000 of exerciseable options (200,000 unexercisable), and had total annual compensation of $214,875 with bulk $187,785 salary. Not sure how accurate that is to SEDI.
Last June 2009, Cymat also did management changes replacing Phillip Neukom and was a public news release. The only difference this time was there was no replacement announced for Trevor, except a public announcement looking for a new CFO to fill an expanding role. It seems to be a consistent Cymat direction to publicly acknowledge management changes regardless.
Also the Reuters website still lists Phillip Neukom, however the very interesting part is that they have his compensation listed as higher than Trevor Sandler's compensation. So both Phillip and Trevor had a higher salary compensation and both were fairly loaded with high option amounts, perhaps some of the reasons to pursue a newer direction going forward (shuffle prior to potential ramp-up, with potential other news releases lined up etc).
So this news release comes out, potential for negative reaction, person leaving has plenty of options (public knowledge). Before it appeared we had Institutions buying/supporting CYM (Laurentian/ ITG/TD etc). Looks to me one way to get cheaper shares (if acquiring) they pull there bids/support and let the stock drift lower to a certain point with retail or others selling on news. It also appears that there was mainly selling out of BMO with Laurentian and Anonymous buying and selling was fairly controlled at at the
.27 level and a holding pattern to see if more selling at that level. Perhaps that may have been related to Trevor.
Perhaps, Trevor is cashing in some of the options/profits on lower price options that are exercisable for various reasons (via BMO), but seems controlled...I guess we will soon see if this is the case. Either way, Trevor has been making a good salary plus has plenty of options (he just received 300,000 as of June 7th, 2010) and appears to be in a Win-Win situation, with or without Cymat employment hence perhaps a new direction for him as well as Cymat.