Verde shares trade down to $1.16 todayOuch.
How much lower before Verde starts buying shares in the market in order to gather sufficient to cover Mr. Veloso's 750,000 $1.22 March 5 2031 share options? A cost effective way to address the dilution otherwise buit in to the current Stock Option Plan.
Still not a lot of volume, so they would have to buy in multiple small lots - put on an Iceberg order at $1.15 and let it vacuum up the disallusioned shareholders who have finally had enough and are accepting the CEO's invitation to sell out and to take their capital to "greener" fields elsewhere.
Cheers.
S.