GREY:SOLBF - Post by User
Post by
Stoogeon Mar 17, 2021 1:38pm
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Post# 32817484
Millions of Cheap Shares Waiting to be Dumped
Millions of Cheap Shares Waiting to be DumpedThe company has issued 6.2 million options exercisable at .10. That would mean an instant fast buck for those lucky associates IF there was a market for them at the current .17/.18 price.
But, 2.4 million of these options and 21.5 million common shares were locked in escrow up by the regulators - just to make sure the promoters did not sell out too quickly and walk away from the company.
Ten percent of the escrow was released on listing and no doubt would account for some of the selling pressure so far. The next release is on the 6 month date when 1/6 of the remaining shares and option will be available for sale.
All of the above and much much more is disclosed in the company's Filing Statement dated Feb 22 which can be found on CEDAR.