Post by
firemonkey on May 30, 2024 12:55pm
7.74 million options @ 6.5 cents to be vested in June 2024
As per the NR on Dec. 22, 2023, half of the 15.48 million options (exercisable at 6.5 cents) granted to certain directors, officers and employees will be vested six months from that date. Wonder how that may impact the share price between June 24 (Monday) and before the next quarterly report around mid-August 2024.
Comment by
subaru1 on May 30, 2024 12:58pm
I don't think that it is any good for us retail shareholder
Comment by
mdjbrown on May 30, 2024 6:58pm
firemonkey, are these 15.48 stock options require the insiders to purchase these options at .065 cents each in order to convert them into common shares, so not sure why that would affect the share price considering they are only worth a penny more as of todays share price. The RSUs are more of an concern for shareholders as insiders are given these shares making them much less risky to sell.