RE:Press ReleaseClawfoot wrote: Ok so I'm a little more encouraged at the explanation of the 5mil, but judging from social media tonight and the share price today, many investors are spooked. Does anyone think VGW will release something official or are shareholders going to have to watch as the share price bleeds over the coming days?
Keep in mind that management added this to their Q2 revenue/EBITDA news release yesterday ...
On July 15, 2019, the Company granted 2,500,000 options to purchase common shares of the Company exercisable at a price of $4.32 per share and expiring on July 14, 2024, to employees, officers and directors of the Company. The options vest quarterly over a three-year period and are granted pursuant to the terms of the Company’s stock option plan, subject to regulatory approval.
I suppose they thought they were locking in a relatively cheap pre-news release exercise price. Oops.