RE:RE:RE:RE:RE:Nick Exercised 788,882 options I was elated when I read that Sedar release. This is the kind of news we want to see coming out.
I thought that it would put all the doom and gloom of a Director quitting out the window, thinking that he’s going to sell his 6 million shares. He actually had 836K options and almost 67K warrants so he still has more he can exercise. As I have said, Many times before, you can’t just sell millions of shares. It would take weeks to months to do it otherwise you would be getting less than what you paid for them before you could even sell the first million.
If there is a tax advantage to when he buys out his options, I’m sure that he is making the decision with his years of experience in accounting and his friends who can advise him. This is a big show of confidence in LME whatever the reason is for buying.
Hopefully somebody can put out the news release of the Retiring Director buying out the options. Maybe we get half of the bounce that Cynthia gave us last year when she did it.
All great news
Cheers