RE:RE:Insider Activity reported...SGCGRIMREAPER wrote: After 3 private messages about Pinto's latest claims, I had to unignore him/it to see what this joker said this time. . Once again he speaks with fork tongue. What he implied and what actually occurred, are different. But that hasn't stopped him before and won't in his reply and future useless comments, It's amazing that this joker thinks he actually impresses anybody here but hey, if it helps this poor man, way to go, PINTO!
I emailed PG what his thoughts were on this filing and he sent the exact words below and gave me permission to reprint them. He stated this is exactly what he received from TGZ about the filing:
Part of Teranga’s compensation package includes restricted stock units, which vest over three or four years depending on when they were issued (recent RSUs vest over a 4-year period). The RSUs are reported on SEDAR as stock when they are granted, however, upon vesting they are always paid out in cash. However, even though they are paid out in cash, the vesting and cash payout must be reported on SEDAR.
There has been no payment of the RSUs yet, but the calculation date for RSUs is effective Feb 28th based on the 5-day vwap. Payments of RSUs are scheduled for March 15th.
Okay Mercedes imposter, let your ego and mouth try to ease the pain of yet another wrong post of yours. Back on ignore you go!
(one of) The brothers grimm.. Just repeating what Canadian Insider has reported as a filing date of March 4th, and a transaction date of Feb 28th. RSU's exercised for cash. A total of 349,994 at $ 4.39 = $ 1.5m exercised for cash. So far the cash has not been re-invested by any of the RSU owners. Nice gig if you can get it. CI reports it as "red" or slightly negative, in that, like an option, if you walk away with the cash on the "in the money" RSU or option, you are not exactly sending a message of support and belief in your Company as you might otherwise, had you put up your own personal cash to own the stock (albeit at a below market price). But they did grant themselves a slew more (rights and options) for future cash-ins.....over to you genius. I'll give you some time to inbox some peeps to help you figure out what it all means (cuz I know it's hard for you). MM (PS I'm still bullish medium term despite the facts)