GREY:QSLRF - Post by User
Post by
mercurysmithon Sep 26, 2013 11:25am
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Post# 21769689
1.5 M Options Granted @ .80
1.5 M Options Granted @ .80On September 18, 2013 the Q insiders were busy with the granting of options - 1.5 million shares in total for $.80. The four insiders: 950k shares to Preston Maddin, 200K to Andreas Tapakoudes, 200k to Gregory Nepse, and 150k to Kerry Woods.
More importantly, see the Sedar filing of September 24th of the "Shareholder Rights Plan Agreement" dated June 14, 2013 between Qsolar and CIBC Mellon Trust Company, involving protection of shareholders with an unsolicited take-over bid.
What is going on? Are they considering some take-over bid? Why is it dated June 14, 2013 but not filed with Sedar until September 24th? Is something big cooking? I really don't know what to make with all of this news. Is the timing of the granting of the 1.5 million option shares in any way connected to some buyout? The good news is that if the options are at .80, then whatever is happening should result in that option price creating a s/p floor. At least that is what I am hoping.