LeafRider wrote: Maybe the $0.69 options handed out to management last Friday ended up telling investors that hey we'll look after our management at shareholders expense. That's what it told me. I guess when this thing slips below 69 cents everyone will feel like it's a fair offer. This isn't going to stop folks there is more to come...
"Up to 10% of the outstanding shares can be issued FROM TIME TO TIME"... The pro-Tetra cult will say this is because they don't collect a salary and it's how they get paid, that's what I would've said too, but they aren't making progress on hardley anything lately, missing and changing milestones increases investment risk. Moving a few pallets of Hemp Energy Drink doesn't count as progress either.
What it looks like to me is that people are starting to smell the same BS we're talking about on this board since Feb. 5th. Yes I'm glad I dumped a pile at 87 and 81 simply to move on. Sitting on about 40k shares today it hurts to watch these head downwards with very little support being showed on the bottom end... In typical Tetra fashion we should have some miraculous news within a month or two that should give this thing a short term bump. That is the game we're playing here after all. ACMPR license is gone so it's not like we have that to look forward to, some of us actually invested in that as part of the primary business model.
There are real people that can think for themselves about how management has treated it's shareholders, and for all those buying up shares right now, just because your chart shows that Tetra has been over $1, doesn't mean it will return there this year. Again look at last years chart it's pretty telling how much interest we'll see in Tetra through the summer months.
There simply isn't a whole lot of certainty left with Tetra without PPP001 being a lock for a DIN#, that was the single reason most were invested in Tetra. I see alot of people picking up on this and simply moving on. Things have changed more than some of you let on, you simply flip your day trades and chirp people for being forthcoming with perspective. That is what this board represents.
Remember a 2019 DIN# is a dream that is no longer, that is why people are selling... You know aside from the fact that some are realizing that you simply don't put out patent news on a drug product you know is halted / suspended due to mycotoxings which you found out weeks prior. The notorious Guy Chamberland decided it was important to not disclose that information at the time of announcing the patent for that very same drug. Wow, you don't need to bash Tetra, they're doing a fine job of it on their own. Disgusting!
Link: https://tetrabiopharma.com/investors/press-releases/press-release-details/2019/Tetra-Bio-Pharma-Announces-Stock-Option-Grants/default.aspx
ORLEANS, Ontario, Feb. 08, 2019 (GLOBE NEWSWIRE) -- Tetra Bio-Pharma Inc. ("Tetra" or the "Corporation") (TSX VENTURE: TBP) (OTB: TBPMF), announces today that it has granted, pursuant to the Company's stock option plan (the "Plan"), 375,000 options to officers of the Company. Each option entitles its holder to purchase one common share of the Company.
300,000 options will become vested in four 6-month tranches of 75,000 options, are exercisable at a price of $0.69 and will expire on December 24, 2022. 75,000 options vest immediately, are exercisable for a period of four years at a price of $0.69 and will expire on February 8, 2023. All of the options are subject to the terms of the Plan and the requirements of the TSX Venture Exchange.
As approved at the annual meeting of shareholders of the Company held on June 19, 2018, the Plan allows the Company to issue the equivalent of up to 10% of the number of issued and outstanding common shares from time to time. There are currently 166,831,731 issued and outstanding common shares.