Verde SEDI posting todayHello fellow Verde shareholders,
Another week almost done and now just 19 days to the Verde AGM on June 30th - do have your proxy forms in hand?
I thought it was interesting to see the SEDI insider database update from Verde today, which I am assuming reflects someone at the Company doing their due diligence ahead of the AGM. The entry is a single transaction which corrects for a prior oversight, this being the failure to report the expiry of the 165,000 January 14, 2014 $0.78 stock options awarded to the newly appointed Board member Alysson Paulinelle. These had a 5 year duration, and since they had not been exercised by January 14, 2019, should have been reported as expired and removed from the "current total" in the SEDI system.
As we now know, Mr. Paulinelle was awarded with a further 165,000 stock options in March 2019, this time with a strike price of $0.63 and a 10 year duration, expiring on March 1, 2029. These are in addition to the 61,538 options priced at $0.40 and which expire on January 21, 2027. At todays stock price of $1.20, these 226,538 options are worth $271,845, which is a net gain over the exercise prices of $97,973.
Having Mr. Paulinelle on the Verde Board has, in my opinion, been most beneficial and his stature and reputation internationally has brought valuable publicity to what might otherwise be a less well known enterprise. I will be voting in favour of his reappointment to the Board at the AGM, and encourage other shareholders to so as well.
Cheers,
S