HPQ Silicon Inc V.HPQ

Alternate Symbol(s): HPQFF

HPQ Silicon Inc. (HPQ) is a Canada-based technology company specializing in green engineering of silica and silicon-based materials. The Company is engaged in developing, with the support of technology partners PyroGenesis Canada Inc. (PyroGenesis) and Novacium SAS, new green processes to make the critical materials needed to reach net zero emissions. Its activities are centered around the three pillars: becoming a green low-cost (Capex and Opex) manufacturer of Fumed Silica using the Fumed Silica Reactor, a proprietary technology owned by HPQ being developed for HPQ by PyroGenesis; becoming a producer of silicon-based anode materials for battery applications with the assistance of Novacium SAS, and Novacium SAS is engaged in developing a low carbon, chemical base on demand and high-pressure autonomous hydrogen production system. The Company operates in a single operating segment, segment, being the sector of the transformation of quartz into silicon materials and derivative products.

TSXV:HPQ - Post by User

HPQ Silicon Inc > More insider selling! isn't that awesome!

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Comment by developbcon Apr 13, 2023 6:12pm

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Post# 35394124

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:More insider selling! isn't that awesome!

bcsc wrote: Pennymaker69,
DevelopBC and I do not see eye to eye on many aspects of HPQ (and PYR for that matter), but I agree with his take on this issue.
Patrick exercised 1,200,000 options at $.12 in three tranches last year, each preceeded by the sale of shares to fund the exercise of the options.Given that the market price when the options were exercised was approximately $.265, this triggers a taxable benefit of approximately$174,000 at a marginal tax rate of 50% is $87,000,
So far this year he has sold 335,000 shares for a total of $87,300 (coincidence ?)
So now we wait and see whether or not the selling continues.

Thanks bcsc for doing the calculation on the taxable benefit on the options.

Plus...the sale of the actual shares re:capital gain tax are also applicable. Also cash needed to exercise the options itself.

So for clarity: The options exercised are immediately triggering a taxable benefit payable AND the sale of the shares is also taxable under capital gain plus proceeds needed to exercise the option itself..hence I have zero concern on sale of shares to execute.

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