June 2022 - 2023 & MD&A Stock Options:..... June 27, 2022
"grant of 1,810,000 incentive stock options (the “Options”) with an exercise price of $2.67 per Option to certain directors, officers and employees of the Company under its stock option plan.
All Options vest 25% per year and are exercisable until June 24, 2027."
June 30, 2023
"announced the year-end annual grant of 935,000 incentive stock options (the 'Options') exercisable to acquire up to 935,000 common shares of the Company at an exercise price of $2.18 per share until June 28, 2028 to certain directors, officers and advisors of the Company under its omnibus equity incentive plan.
The Options expire 5 years from the date of grant, with 25% vesting on each of the first, second, third and fourth anniversary of the date of grant of the Options."
MD&A June, 2023 Stock Options:
Balance @ June 30th, 2023:
December 31, 2022 5m
1st 6 months to June 30th, 2023:
Granted: 1.5m
Excersised: (585k)
Forfeited/expired: 245k
Balance @ June 30th, 2023 5.7m
Share-based compensation refers to compensation expenses resulting from the issuance and vesting of equity-based rewards.
For the three and six months ended June 30, 2023, share-based compensation was $0.6 million and $1.1 million respectively, compared to $0.4 million and $0.8 million in the comparable prior year periods
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The biggest one in 2022 is not even 2m shares & the vesting time is great.
6 months of 2023, they only issued 700k for compensation.
Black n white ---- outstanding share structure control over the years. 2023 avg is $2.95
There are no true 10% share "insiders".
Mistake for CEO to use that term to retail.
Either way, Options are a nothing issue & they're 2023 avg price is $2.95. Come tax season in 2 months, they still won't be underwater. I don't know why CEO made that comment.
All KPI's possibly within days.
The white paper mentioned yesterday as coming, will put AB & E3 in the Geology books, world-wide.
NYSE company in the making.
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