exercising options/warrantsCan’t come up with exact figures of course without all the details, but due to recent inquiries about PPP exercising options/warrants
I came up with the following:
Bought 8MM shares at +/- $0.20 = $1,600,000
Sold 3MM shares at average +/- $6.00 = $18,000,000
Tax implication; 3MM x ($6.00 - $0.20) = $17,400,000
Tax payable +/- 50% = $8,700,000
Net in his pocket: $18,000,000 - $1,600,000 - $8,700,000 = $7,700,000
Plus 5MM additional shares in his holding