Post by
87flstc on Jul 16, 2022 2:21pm
CV selling
The fact this allows block trades is a good way for funds to get a block of shares which is hard to do in the open market.So I view this as bullish.
Comment by
SMlachake on Jul 16, 2022 7:39pm
Also note that his minimum selling price is $9. A full 34% above Friday close. In fact he only authorized 1% per day at this price. Real action is around SP of $12. Very bullish, very transparent manner and for sure he know something is going to push this SP past $12 soon. He is exercising options at the same time, meaning he will be down only 2.2m shares at the end of it all.
Comment by
Benedictus on Jul 17, 2022 12:18am
Cris had just shy of 2M options prior to his beginning to exercise them in May. So essentially he will have exercised all 2M options and sold an additional 1M shares at completion of this planned disposition. Cris posted on the ceo board why he's doing this now: "happy wife happy life". https://ceo.ca/NPK
Comment by
SMlachake on Jul 17, 2022 1:12am
Unless I read is wrong, ASDP telease does mention exercising just over 800K options to go together with the sale. Yes, Chris has been at this for last 17yrs. It's time for him to cash in and enjoy the fruits of his dreams, but his holding will change very little at the end of it all. Showing his continued believe that this story is just beginning.