RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Eric Martel Sells 65,807 Shares of Bombardier, Inc. Class BWell that's the thing, right? Who would hold that against someone who is doind a killing. He's a lot better than Bellamare the snake that way, dumping his shares. He exercizes his options and he also buys more. Why should he use cash on hand to buy extra shares when he has other options. Those options are the 65K shares that he purchased already,.on an earlier date. Maybe he wants to purchase a home for one of his kids this year? He's human.
clubhouse19 wrote: 859
yes I just reread my post and now I know how confusing it was. you are correct
He sold 65.807 to buy 146,674 at 11.50 . He can very well sell those at today's price and make a double killing and the shareholders would not hold it against him, at least I wouldn't
BBDB859 wrote: Hi Club.
Do you mean EM
sold 65,807 shares, in order to convert 146,674 options into that many shares??? Just wanted some clarity.
Looking at the last 2 sentences of your post that are actually saying, that sold 146K shares, to get 146K shares. It's a little confusing that's all. Do you mind clarifying please? I apreciate the explanation.
clubhouse19 wrote: You don't sell options. You exercise options or convert options to shares from the companyu.
.
If you already have shares that are higher at market value than your options,exercise price you would be a fool not to sell those sheres at 50.00 tol buy them back at 11.50 as he did.
Check out the numbers on sedi. don't belive whatever that nosedigger tries to sell you as he constantly does this telling only half the story.
He sold 146, 674 shres to convert 146, 674 option into that many shares,
So now he has the same number of shares but pocketed 1, 686, 751 in gains.
That's what getting options are all about.