RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Factors this weekRagingBull84 wrote: i wonder how many of the cheap shares were awarded as part of employee compensation? If employees are doing some of the selling
Given the number below, stock options are not having any impact on the current price.
Summary:
| Options | # |
| Granted – Performance Stock Options | 7,500,000 |
| Granted – Regular Stock Options | 6,400,000 |
| Assumed on RTO | 200,000 |
| Exercised | -260,713 |
| | |
| Options Outstanding | 13,839,287 |
Of those options granted, only 260,173 have been exercised at a price of $0.35. My guess is those 200,000 assumed on RTO would have been exercised and likely sold by now if they went to those in Legion Metals, the pubco involved in the RTO, reverse take over.
Of those outstanding, only a certain number are exercisable:
| Options | Options | Weighted Av |
| Outstanding | Exercisable | Exercise Price |
| 114,287 | 114,287 | $0.35 |
| 13,725,000 | 25,000 | $0.35 |
| 13,839,287 | 139,287 | $0.35 |
There are only 139,287 options exercisable at this point, and at a price of $0.35 not worth selling even if they did.
In addition, over half of them (7,500,000) are "performance stock options" which are only available as described below. Vesting means they are only available at certain dates or upon certain conditions being met.
During the nine months ended June 30, 2019, 13,900,000 stock options were granted to officers, directors, employees and consultants of the Company, with varying vesting terms. Of the stock options granted, 7,500,000 stock options (the “performance stock options”) were granted to officers and directors of the Company and vest upon achieving certain milestones. The Company has estimated a 100% likelihood of achieving the milestones.