Post by
tamaracktop on Aug 17, 2024 4:45pm
But he has a stake !!!
When Pierre Carabin recently bought the pp at 80 cents on July 22nd, and then turned around an sold it less than a month later on August 14th at 80 cents, I interpreted it as being simply because he didn't want to risk any more than he already had at stake.
After all, he owns 446,500 shares.
Then, out of curiosity, I looked at his trading history while he's been at the company.
Pierre Carabin excercised 450,000 options at 21 cents over the course of 2017.
He excercised 250,000 options at 30 cents in 2019.
He excercised 100,000 options at 52 cents in 2021 and 2022.
Most of the stock he acquired via the options he turned around and sold, in some cases at prices as high as $5, and $5.20, and $6.50, and even $6.87.
Netting out his open market transactions, Carabin has sold about 343,000 shares in the market since he joined the company, net of his participation in some private placements, the most recent of which is already gone.
Net net net, abought 350,000 shares bought and immediately sold.
I thought he had a personal stake in the company, with his own money at risk.
He doesn't.
The Globe appears to have been wrong when it said that the only people making money so far are the Pascali family.
Comment by
tamaracktop on Aug 17, 2024 4:54pm
3 directors have resigned since the start of 2018. Now one has come back. Seems to me likely we'll see more headed for the door.