RE:RE:RE:RE:RE:RE:RE:New article in La Presse this morning They must have been in a blackout all this year since those options were not dealt with. And given all that the company is dealing with, it is not implausible as insiders were likely in possession of material info the market did not have. I imagine there could have been less than 10 day periods where the window to exercise those options were open during the course of 2023 but then closed quickly again which would have meant the options expiration date was also again extended (the two executives have 10 days from any point the window for trading opens to exercise those options). So it is possible the window for trading has been open very briefly during 2023 but my best guess is it has been closed ever since the pause last December.
I cannot remember the exact date when I last asked THTX if those options were still in existence but I think it was mid July. The breakeven price after the split for those options is now $1.52. Therefore, if the options have not expired worthless some time since mid-July (it could have been later than that when I asked) they are again in the money. If a window for trading does open after the quarterly results, as is normally the case, we should see the two executives exercise those options and keep or sell them or sell some of them.
THTX was only below the breakeven price between mid-August and September 6th but I would imagine given what was going on with the stock price duringthat time, the two executives would not have taken the chance of exercising those options at any point in August.
PWIB123 wrote: Sorry SPCEO1, but Philippe's comment jfm shared from the French paper makes zero sense within the context of the assumptions you're making. Maybe there's a language barrier? I have to assume Philippe would have chosen very different words if they had been in blackout and not reference buying shares "this week" and then go on to specifically identify the end of the quarter and the release of financial results as a current blackout period. That is a normal blackout period for most companies, and it sounds like an excuse. And yet, it still doesn't explain why those expired options haven't been dealth with. I would very much like to know the status of those options. On the flip side, maybe this is Philippe's horrible way of communicating that they have been in blackout for 9 full months due to something we don't know about and that very thing is so material that it's prevented them from doing anything. I just can't believe that to be the case. These guys still do not have my trust, but I thought Philippe's comments were fairly clear. If he's trying to hint at something here, it didn't come through for me on his specific statement.
'Theratechnologies executives did not buy shares of the company this week because they could not do so due to regulations. “We are often in blackout [period of prohibition to conclude transactions], and this is the case at the moment between the end of the quarter and the release of results at the end of September,” says Philippe Dubuc.'
Do you beleive they've been in blackout this entire year? If so, what realistically would be cause for such extreme caution on any insider transactions?