TSXV:EVE.H - Post by User
Comment by
HaumerSon Aug 27, 2019 6:40pm
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Post# 30072469
RE:RE:RE:WHO SAW THIS COMING?
RE:RE:RE:WHO SAW THIS COMING?betterbrew wrote: Back on May 23 or so the management awarded themselves approx 500,000 options each. At 10 cent exercise price.
one person did exercise and bought 500,000 shares for 50,000 $ and then sold them at 36 cents
for a 130,000 profit. Now he has to pay tax on 65000 of income or about 20.000$ so he made 110,000
today if he wanted to buy back the 500,000 shares he would probably have to put in about 152000.00
not a bad move Kind of feel sorry for the buyer
no one else has sold or bought
you can see this on. Canadian insider. Type in the symbol touch the name and go to filings
good luck to today’s buyers. Hopefully you can keep them long enough to make a lot of cash
No, he had to pay tax on 65,000 / 2 = 32,500. Capital gain are taxed at 50%.
It is always good to secure money and it is better to sell when it is the time.
Someone who bought eve at .29c is now back to its entry point. There is nothing wrong to sell. The insider who sold, it is part of his salary. This is not because he exercise his options that he feels the need to buy. He doesn't have too, he will or already got more as part of his salary.