RE:RE:RE:News soon ???Not quite right...Gillis received his shares on a day that closed at .60 so that is a savings that we could not buy at...
The Tinley Beverage Company Inc. (the "Company" or "Tinley") is pleased to announce that its new President of Tinley California, Richard Gillis, has made a personal investment of $276,000 in the Company. As a component of Mr. Gillis' employment agreement, Mr. Gillis was given the opportunity to purchase common shares of the Company at a price which represents a 20% discount to the market price of the Company's common shares. This price was determined on January 7, 2019, which is the date the Company filed for price protection with the Canadian Securities Exchange. Accordingly, Tinley issued 600,000 common shares to Mr. Gillis at an issue price of $0.46 per share for aggregate gross proceeds of $276,000.
KingKong wrote: Gillis put the application for those shares in when the sp was closer to that price. It's not like he was given the shares immediately, and it's not like he sold them for a profit. I'm not sure why people think a 20yr veteran with Coca Cola isn't deserving of shares at a discount anyway? Anyone with a few hundred grand could have bought Tinley at the same price Gillis did, but they didn't have the confidence to do so, or they did and aren't complaining.