RE:RE:insider awardsInvrsContrarian wrote: I don't see what you are saying as true. Maybe for the old older option. But recently:"Jan. 20, 2022, Ventripoint Diagnostics Ltd. granted an aggregate of 1,725,000 options to directors, officers, employees, contractors and consultants of the corporation with an exercise price of 40 cents and with terms from one to 10 years and vesting from immediately to over three years. Of these option grants, 500,000 were awarded to directors and officers of the corporation. The corporation now has 4,096,590 options available for future grants under the stock option plan as approved by shareholders at the last special and annual general meeting on Aug. 9, 2021." Thats says spread out over 3 years. So they are. Looking at long term value. Glta
bluemoons20 wrote: Very nice to reward insiders with options under the market price.
However, to encourage them to work for their money, the options etc,. should be priced above the current market to provide incentive to raise the shareprice and benefit themselves and the shareholders , who are actually paying the bills.
This way they have a guaranteed gain and only have to hope the price does not go down but if it doesn't go up they are still OK.
If we do eventually get a buyout you can bet these 8 miullion options will be right there to pick up their gain. And this will further dilute the per share buyout price (if it exists)
GLTA shareholders
Yes there are some at the higher price , but the average prioce granted seems to me under the m,arket price...
so I see it like Blue Moon
Elsewhere in the report:
"There are currently 8,958,750 option grants outstanding with exercise prices between $0.10 to $0.50 with a weighted average price of $0.27, and 5,037,500 of these options have vested.
Since the last update (see NR May 6, 2021), the Corporation has had 1,000,000 of the warrants issued on October 2, 2019 exercised at the strike price of $0.115 for gross proceeds of $115,000. There remain 288,666 outstanding warrants in this series, which expire on October 2, 202"