RE:RE:RE:RE:RE:RE:Exercise of Options I have looked at all his transactions on Sedi
Sickening
He exercised 35000 options in in April 2018 and sold at 9.40 esch and he exercised again un April 2019 30000 options at 1.80 and sold at 7.12$
His total stock holdings at this moment is 18000 shares !!!!
palinc2000 wrote:
Lafond still has 386000 options !
He has been an insider since 2007
palinc2000 wrote: Those filings appear on Sedi.ca...The reason I think is quite simple ,,,the options were about to expire and he exercised and sold the same day so not to risk any cash outlays,,,,
PWIB123 wrote: Why aren't those filings showing on Sedar or Edgar? Sometimes companies will put an explanation in the description of an insider trade, such as donated to charity or forfeiture of shares to pay taxes from shareholder compensation plan.
The timing of this insider sell couldn't be any worse. I have been so excited about the near-term prospects, but this definitely tempers my hope...a lot. Who would sell if they thought there was huge upside in the near term? I don't care what your personal circumstances are, you find a way. This doens't look good at all!
palinc2000 wrote: This is really crappy at least optically
I dont want to spend the time to search what was the expiration date of the options but even if the expiry date was close he could have exercised now and not sell That would have been an out of pocket cost of 7600 $ now plus additional income taxes in April 2022 of less than 10000$
I hope this is not another Lyne moment!!!