TSXV:RHT.H - Post by User
Comment by
aaaaaarghon Feb 19, 2022 1:32pm
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Post# 34445050
RE:RE:RE:RE:RE:Shares
RE:RE:RE:RE:RE:Shares I was just about to post the same as I didn't first notice that they also changed the expiry date. Just another example of the gross imcompetence of this management team. Have a news release saying one thing to investors and only finding out the truth when financials come out. I would say unbelievable, but at this point, it's just expectation.
lscfa wrote: We can't even trust the audited statements with these bozos.....
Feb 11, 2021 - Octagon will receive a payment of US$125,000 and has been granted incentive stock options exercisable to purchase up to 650,000 common shares in the capital of the Company at an exercise price of $1.00 CAD per share for a period expiring February 10, 2022.
March 31/2021 fins show no $1.00 options o/s
Jun 30/2021 audited fins show no $1.00 options o/s
Sept 30/2021 fins show 650,000 $1.00 options o/s expiring Aug 9, 2022.
aaaaaargh wrote: And I see that you found that as well, while I was typing up my post below....lol.
aaaaaargh wrote: You are 100% correct about them not showing up on this report. However, I thought that very strange, as there is no way that somebody would cash in their options for $1/share when the market price was much lower than that. So I looked at the discussion part of the financials and also noticed that there was no mention of those options ever being issued.. Same goes for the year end financials. However, for shits and giggles, I also checked the period ending Sept 30th and low and behold, they showed up. Perhaps there was a trigger or time componenet in the contract.
lscfa wrote: Jack exercised his $1.00 warrants very early on. They were issued in Feb 2021 and the March 31 fins show no $1.00 warrants o.s.
aaaaaargh wrote: The run of no new shares is over. 550,000 new shares issues Feb 18. Possibly wsr exercising their option before expiry?????