RE:CloudMD grants options to buy 700,000 sharesThe company went public barely two months ago. Now its doling out stock options?! Do they tell shareholders who gets awarded options? How much? Why they are being issued now? No. What's the rush if options are effective for 5 years? They couldn't wait until the company gets some traction? Then again, my guess is they are planning a big pr push hoping that sp increases and they want to get shares cheap and cash in. And I can only assume that if/when sp hits 0.70, they sell immediately thus adding more downward pressure. Management is not even trying to disguise their intention to line their pockets. Me thinks this company smells bad. Ah well, that's the venture exchange for you. As for shareholders, don't get left holding the bag.
Here's the press release:
Vancouver, BC, July 20, 2020 CloudMD Software & Services Inc. (TSXV: DOC, OTCQB: DOCRF, Frankfurt: 6PH) (the “Company” or “CloudMD”), announces the granting of stock options to purchase an aggregate of 700,000 common shares of the Company at an exercise price of $0.70 per share for a five year term. The stock options were granted pursuant to the Company’s Stock Option Plan and the policies of the TSX Venture Exchange, to a director and officers of the Company.