TSXV:RHT.H - Post by User
Comment by
lscfaon Apr 03, 2020 12:34pm
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Post# 30876233
RE:RE:RE:RE:Change in member of the Board announced as the
RE:RE:RE:RE:Change in member of the Board announced as the sep14/17 | Sztramko hiring announcement | | | |
sept12/17 | 3,200,000 options granted $0.15 expiring Sept 12, 2022 | |
Mar2/20 | reliq says 138,180,818 shs o/s | | | |
Mar13/20 | Sztramko sells 197,700 shs | | | |
Mar13/20 | 138,559,817 shs o/s, 378,999 more than Mar 2 | |
lscfa wrote: Sztramko sold 197,700 shares to hold a NEGATIVE balance of 50,000 shares. Sedi.ca also shows he never held any options which is highly unlikely. The bozo is behind in his filings and has been reported to BCSC. When an employee leaves they have a limited time to exercise their options. I suspect this is what Sztramko did. He then sold some shares privately to cover cost of exercise price. He could very well still hold shares in Reliq.
digitel wrote: "Now we know why Sztramko sold all his stock recently......"
He sold 100% of his stock privately which is a little confusing as opposed to clearly selling it all to anyone who would take it in the market. Where did the stock go privately? This is a key time for the company as it prepares to release its updated guidance. They know the onboarding rate, etc.
Seeing him sell 100% of his position at $.282 and then the company issue that news release the way it did and hire a replacement that doesn't appear ideal for a company with approaching $100 million in recurring revenue potential is questionable, in my opinion. The market has a hard time taking this company seriously given its past. Was the resume of the new CFO much of step up given the recurring revenue claimed in the pipe?
If the CMO left and sold 100% of his stock privately at $.282 and the stock is at $.40 do we want to risk finding out why he sold? We are before a key update. How has the onboaring gone? The rate of onboarding didn't appear that strong for March based upon one post I saw on CEO.com.