GREY:LFDEF - Post by User
Comment by
Links68on May 25, 2017 6:34pm
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Post# 26285532
RE:RE:George Tyc purchased 1,200,000 stock options @ $0.75?!
RE:RE:George Tyc purchased 1,200,000 stock options @ $0.75?!What George did is a very bullish thing and we should all be piling in now!!!
He had 1,200,000 options come due at the end of January with an exercise price of $0.75. Not many people have $900,000 lying around. He probably borrowed a lot of the money in order to make this transaction happen. So he turned around and sold 200,000 shares @ roughly $1.30 to probably pay back part of what he had to borrow to buy 1,200,000 shares at $0.75. BIG FRIGGIN DEAL!!! The fact he didn't sell the entire 1,200,000 and pocket a 70% gain works in our favour.
Going from memory, i think one of his sales was during the blackout period. This is only possible if he made his intentions very clear, documented them and it was approved by management a long time ago.
If George hangs on to all he has now he's basically committed an additional $640,000 of his own cash (current value $1.3 Million).
THIS IS HUGE!!!! BRING ON THE MOU CONVERSIONS!!!