RE: RE: Trevor SandlerChanging jobs for Trevor is a win-win for him, he leaves Cymat with 1,650,000 options at an average price of
.1918, whatever the company does in the future to move the business forward, creating additional shareholder value, can only help him as the share price rises.
When he starts his new job he will obviously recieve a health number of options from that company diversifying his risk, his paycheck and his shares/options will be split across two companies.
Sandler, Trevor [Chief Financial Officer] ...... Insider transaction details from SEDI
2007-07-31 40,000 Common Shares Avg
.25
2007-03-20 600,000 Options at
.255 till 2012-03-19
2008-12-15 450,000 Options at
.070 till 2013-12-14
2009-09-04 300,000 Options at
.180 till 2014-09-04
2010-05-28 300,000 Options at
.260 till 2015-05-27
Whether Trevor is leaving on his own or being forced out is not that material, as everyone is replaceable. The important part about all this is that Tim needs to find a candidate who will add significant shareholder value to Cymat. As he said in the press release "the search will focus on candidates possessing the skill sets and leadership qualities necessary to take us to the next level in our commercialisation efforts."