RE:RE:RE:RE:RE:Do you believe this company is going to prosper?If the CEO believed in how the company's performance would increase with the establishment of products in the market place he would not be selling 1.9M+ shares at the company's lowest ever stock price point.
This is only common sense.
Please give me "one reason" why this perception (of him selling all those shares) would not be taken by the market as a "bad thing".
CEO is selling the shares given to him at a loss.
The guy is paid a salary of $300,000 a year + consulting fees + options, etc, etc.
And don't forget he also has these kind of shenanigans going on in the background.
"Due from related parties:
On June 28, 2021, the Company sold 3,717,000 shares of the Company for $1,486,800 to a person related to the CEO. The payment has not yet been received as of September 30, 2021.
Convertible debenture:
On June 28, 2021, the Company entered into a debenture amendment and cancellation agreement with a person related to the CEO of the Company. The agreement cancelled the $1,505,020 convertible debenture and settled a receivable of $2,005,020 from the CEO of the Company and a $500,000 payable for financing charge. The interest payable of $62,709 on the convertible debenture remains outstanding as of September 30, 2021.
During the nine months ended September 30, 2021, the Company expensed $531,438 (2020 - $65,653) in consulting and share based-payments to two companies controlled by two persons related to the CEO. During the nine months ended September 30, 2021, the Company expensed $338,889 (2020 - $nil) in consulting and share based-payments to a company controlled by a person related to the Former President.
All of that in just nine months.
This doesn't include all the millions he and his family have already pocketed.
Again, your quote - "We all need money to survive."
Oh, we all need money to survive such a posh lifestyle at the expense of shareholders that have seen the shareprice decrease by a whopping 92%.
I'm really feeling their pain.
It's tough being them.
As for the financials, they are currently 17 days late and nothing from the company as for a reason why.
I suppose you know why but aren't saying.