Only the sharpest here will get this. There's a third reason Curleigh might not exercise his warrants.
By not doing so, a possible defense argument might be an obviously diminished potential of personal gain as a result of his actions at PyroGenesis, should it come to that.
Don't laugh.
He's the sole co-defendant in the AMF's charges.
He resigned as Chairman on September 29, 2019 and left.
2 other directors had already resigned not long before.
He had 70,000 shares left when he resigned.
He came back, AS CHAIRMAN, on February 8th, 2023.
Soon before the company revealed the initial stages of the AMF investigation.
What's with the timing??
And he's never bought a share since.
His last trade in the market was selling 70,000 shares at a price we an only guess.
And he's the company's chairman.
And Pascali is the president.
Both the Chairman and the president's last trades in the open market were sizeable sales.
That's a fact no one of sound mind would dispute