RE:RE:Fundamental Research compares THC to Bev. ????
Greenbuds wrote: Miller destroyed our run to finance higher due to greedy options at 21.5 cents. Only way out of this mess is a buyout now. Without those options THC would have closes at 38 cents today. Imagine 1 employee 500,000 options. If THC jumped to $2 that employee would be worth $1 million dollars and quit their job. How stupid is our CEO. We could have been able to make a big financing at a higher price and expand. But now will collect $1.6 million for the company if all option are exercised. Only way out is a buyout now. Worst CEO in the world we have.
GB, what was it like 7mm shares? thats a small portion of the total float, I think insider ownership is like 30% last I checked, so if everyone sold like you say, 30% of 165mm is like 52mm, and that would become 45mm, with 7mm shares release into the wild. I doubt this blocked anything with the SP right now.
I appreciate social capitalism and giving employees a peice of what is to come. Might be a blessing in disguise long term. Sure, some Dbags might be short sighted and sell prematurely, but honestly I am optimistic about this.
JMO