Email from Sophia
For those interested:
Hi!
I haven’t checked those numbers but they will be available on Sedi.ca.
Everybody has been blacked out from exercising options or trading stock for several months and there have been some options that either expired during the blackout or coming up for expiration. Nowadays, when one exercises options one has to pay taxes to the government immediately – taxes are very high here in Canada and most people have to sell a bit of stock in order to pay for the taxes (then they have to pay tax on that too!). In the past most of the guys didn’t sell shares to pay taxes – they just issued cheques to the government out of savings – it gets quite hard to do that forever so they’ve had to sell some stock – it’s not a reflection of their feelings about the Company – in fact it’s maddening to them because they would prefer to accumulate as much stock as possible given the exciting potential for the Company.
Best regards,
Sophia
From: Robert GGG
[mailto:robert.ggg@nextra.sk]
Sent: Tuesday, July 01, 2014 1:37 AM
To: Sophia Shane
Subject: Insider sell -off
Hi Sophia,
I’m an AOI investor.
Could you please comment insider sell off that occurred at the end of last week?
Jun 27/14 Phillips, James Common Shares -75,000 $7.33
Jun 27/14 Martinez, Paul Common Shares -49,800 $7.37
Jun 27/14 Gibbs, Ian Common Shares -150,600 $7.41
Jun 26/14 Hill, Keith Charles Common Shares -200,000 $7.25
Jun 25/14 Phillips, James Common Shares -75,000 $7.37
Should we fear?
Many thanks,
Best regards,
Robert GGG
Slovakia