Emerita Resources Corp V.EMO

Did all read MIC ? New way to cash in Options

[Ogopogo007]

From what I read, $$ doesn't go back into Treasury. Clarus kickback?

Lifted from elsewhere

https://ceo.ca/emo?e84cbcf87363

@10X_bagger Looks like most need to be schooled on EMO Options as most of what was posted today is bunk. Lifted off of SEDAR...figured another way EMO insiders are feathering their nests. Another new Market Maker time? “Cashless exercise” is a method of exercising stock options in which a securities dealer loans funds to the option holder or sells the same shares as those underlying the option, prior to or in conjunction with the exercise of options, to allow the option holder to fund the exercise of some or all of their options. “Net exercise” is a method of option exercise under which the option holder does not make any payment to the issuer for the exercise of their options and receives on exercise a number of shares equal to the intrinsic value (current market price less the exercise price) of the option valued at the current market price. Under the New Policy 4.4, the current market price must be the 5-day volume weighted average trading price prior to option exercise. “Net exercise” may not be utilized by persons performing investor relations services. The Stock Option Plan has been amended and restated to include cashless exercise of options and net exercise of options. Exactly how does $$$ end up back in EMO treasury from Options? Also..... Directors, officers, employees and certain consultants are eligible to receive stock options under the amended and restated Stock Option Plan. Also interesting is how some try to divert attention to how accounting deals with Options instead of dealing with the glut of Options here. I'm in the Rick Rule camp...if Options are 5 yrs...so should warrants. Just more reason to vote NO to everything at AGM. Guess most posters here...if they are shareholders....didn't read MIC that gets sent to all shareholders, where we also learned Crooked David made $390,000 in 2021, salary and bonus. Hard times indeed for insiders here. Small wonder SP is under $1 when $90,000,000 from Brazil property gets thieved out from under EMO shareholders