RE:RE:The next phase of this dilemma is about to unfoldLol: During fiscal 2020 and fiscal 2021, the Company entered into a series of loans in connection with the exercise of stock options (“Option Loan”), including
a loan in the principal amount of $340,000 to a director and officer of the Company and a loan in the principal amount of $199,238 to an employee of the Company. During fiscal 2021 these individuals sold the underlying securities relating to their respective Option Loans.
The Company recognized a loss on these unsecured Option Loans after considering the creditworthiness of the debt holders, and the Company’s recourse options
| Filed 2021-05-31 16:49 Tx date 2021-02-23 | $DYA
dynaCERT Inc. (formerly Dynamic Fuel Systems Inc.) | Colin, Jean-Pierre 4 - Director of Issuer Direct Ownership | Common Shares 10 - Acquisition or disposition in the public market | $-284,750
-425,000 vol
$0.67 each | 0 | |
| Filed 2021-05-31 16:49 Tx date 2021-02-23 | $DYA
dynaCERT Inc. (formerly Dynamic Fuel Systems Inc.) | Colin, Jean-Pierre 4 - Director of Issuer Direct Ownership | Common Shares 51 - Exercise of options | $340,000
+425,000 vol
$0.80 each | 425,000 |