When I posted that SSL only owned 4,875 Common Shares,tonto defended SSL, stating that a piddly $500,000 hardly leaves SSL with any spare cash to buy shares. As in none, zero. "Keeler, when 10.5M/11M of your compensation is options based, that only leaves you with 500k in cash to buy shares and live right" But per Hexo year end financials, share based compensation totaled over $13 million last year - and $31 million the year before.
The average Hexo investor - expected to buy shares with their own money, unlike SSL who was granted options - doesn't earn $500,000 a year and certainly doesnt receive the tens of millions that SSL got over the past two years.
Tonto is a filthy lying pumptard - just a blatant filthy liar.
Absolutely disgusting that he would defend SSL (although love IS blind)
Page 41 of Hexo's Financial Statements: Share-based Compensation Share-based compensation is measured at fair value at the date of grant and are expensed over the vesting period. In determining the amount of share-based compensation, the Company used the Black-Scholes-Merton option pricing model to establish the fair value of stock options and RSUs granted at the grant date by applying the following assumptions: July 31, 2021 July 31, 2020 Exercise price (weighted average) $17.03 $26.04 Share price (weighted average) $17.19 $26.44 Risk-free interest rate (weighted average) 1.24% 1.79% Expected life (years) of options (weighted average) 5 5 Expected annualized volatility (weighted average) 85% 75% Volatility was estimated using the average historical volatility of the Company and comparable companies in the industry that have trading history and volatility history. For the year ended July 31, 2021, the Company allocated to inventory $1,506, (July 31, 2020 – $6,105) of share-based compensation applicable to direct and indirect labour in the cultivation and production process.
The cash-settled share-based compensation liability is presented in Other liabilities. The following table summarizes the Company’s equity-settled and cash-settled share- based payments for the year ended July 30, 2021 and 2020.
July 31, 2021 July 31, 2020 $ $
Stock option share-based compensation 12,863 31,503
RSU share-based compensation 287 –
Total equity-settled share-based compensation 13,150 31,503
Keeler - (1/13/2022 9:51:25 PM) tonto says SSL couldnt afford to buy shares cuz he only makes $500,000 a year.
How much does the average investor make? "Keeler, when 10.5M/11M of your compensation is options based, that only leaves you with 500k in cash to buy shares and live right" Touran77 - (7/16/2021 9:33:23 AM) RE:I wonder why SSL and the Board don't Buy Hexo Shares Keeler wrote:The following are neither bashing or pumping, they're facts:
-SSL personally owns 4,875 common shares
-there hasn't been a single Board member who made a purchase of Hexo's shares in eitehr 2020 or 2021
-there have huindreds of thousands of options granted to Board members
-Board memerbs have sold shares
Given that SSL receives $ 11 million per year in compensation, plus a clause that would pay him 5% of GROSS SALES (not profit) - you would think that he nd the other Board memerbs would have enough confidence in Hexo to shell out and buy some shares.
SSL and the Board get shareholders to pay for their bad business decions and acquisitions - but don't take part in public offerings themselves.
Given that the share price opens at a lousy $5.67 - and like the pumptards post - teh share price is a are opportunity to make millions on your investment - why doesn't SSL and the Board buy shares?
It makes you wonder.
Keeler, when 10.5M/11M of your compensation is options based, that only leaves you with 500k in cash to buy shares and live right