TSXV:RHT.H - Post by User
Comment by
lscfaon Feb 07, 2021 10:00pm
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Post# 32497825
RE:RE:RE:RE:RE:RE:RE:More shares
RE:RE:RE:RE:RE:RE:RE:More shares5,400,000 $0.225 options (expiry Mar 18/25) issued March 18, 2020, disclosed in Mar fins. 2,400,000 o/s at Jun 30 per Jun fins. Probably exercised days or weeks after Mar 31. I have reported these SOBs several times and I think the regulator finally told them to cease and desist. Thus recent PP's in lieu of large option grants.
theinvestor22 wrote: Evidence, please.
lscfa wrote: I suspect some of those options were issued to "consultants" for no exchange of work. Simply a stealth financing to skirt PP rules.
theinvestor22 wrote: So, consultants and employees were willing to work (at least in part) for options because they had confidence in the company. Sounds like a plus to me.
Have you considered that, when they said they didn't need a fund raise, they meant they didn't need to go formally to the markets to raise capital?
So, they were cash flow negative. I mean, really, what were you expecting? Surely, you can read financials and make reasonable projections! Or, are you saying you were a newbie investor that got duped???
lscfa wrote: Reliq issued 5 year options to consultants/employees/etc. who exercised them within 3 months and then mgmt had the audacity to say the co. doesn't need any financing to get to cash flow positive status. Lying mofos.
Lifeboat wrote: In my experience, over the last 30 years, early stage tech companies and even mature, profitable ones issue stock options on a regular on-going basis. It is one of the reasons people work for and with early stage tech companies. Stock options have always made a significant amount of my compensation over the last 30 years and one of the reasons I worked for the companies that I did. If you don't like that practice you should invest in a different sector.