GREY:NWSKF - Post by User
Comment by
goindeeperon Dec 01, 2014 1:53pm
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Post# 23181861
RE:RE:CFO bought 150 000 shares Oct 1
RE:RE:CFO bought 150 000 shares Oct 1No profit taking in this case.
Cost of exercised warrants on October 1 = $39 000.
Sale of shares Oct 13 & Oct 24 (30 000 x $1 + $8000 x $1.15) = $39 200.
Looks like paid for his options on margin since he didn't have $39 000 just laying around. Afterwards, he had to sell some to cover his margin, but he is still all in, unless you think the $200 difference is a significant amount to you. Otherwise, you need to realize that he left 112 000*$1.15=$128 800 in Newstrike.
handyrandy321 wrote: Good that means CFO took profit.