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Bullboard - Stock Discussion Forum Cypher Metaverse Inc C.CODE

Cypher Metaverse Inc. is a Canada-based company, which seeks early-stage investments in emerging technology sectors, including the blockchain ecosystem, fintech and the metaverse. The Company identifies such opportunities and applies its relationships and capital to advance its interests.

CSE:CODE - Post Discussion

Cypher Metaverse Inc > CODE Stock Options from .23 - .50 Cents issued in 2021,
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Post by CriticalMind55 on Aug 30, 2021 12:41pm

CODE Stock Options from .23 - .50 Cents issued in 2021,

hard to go wrong at these prices, this was from their last financials:


Stock Options
The Company grants options under the terms of its rolling stock option plan to executive officers, directors, employees,
and consultants, enabling them to acquire up to 10% of the then issued and outstanding shares of the Company. The
exercise price of each option equals the market price of the Company’s shares, less allowable discount, as calculated on
the date of grant. The options can be granted for a maximum term of 10 years.
On January 12, 2021, the Company granted a total of 4,400,000 options to management, employees and consultants.
Each option entitles the holder to subscribe for one common share of the Company for $0.23 for a period of 5 years.
On February 9, 2021, the Company granted 6,050,000 stock options to management, employees and consultants. Each
option entitles the holder to subscribe for one common share of the Company for $0.30 for a period of 5 years.
On February 16, 2021, the Company granted 200,000 stock options to management, employees and consultants. Each
option entitles the holder to subscribe for one common share of the Company for $0.30 for a period of 5 years.
On April 12, 2021, the Company granted 7,500,000 stock options to management, employees and consultants. Each
option entitles the holder to subscribe for one common share of the Company for $0.265 for a period of 5 years.
 
Comment by FordVictoria on Aug 30, 2021 1:35pm
to me this is actually the only thing I find negative about CODE, those granted options just mean that they are setting up a ceilling for when it does go up, those insiders and employees paid nothing for those options so it will be free money if they get excersized. Also they need to work on PR nothing in a long time and they invested in  mining rigs and no idea if they are mining. However I ...more  
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