Post by
Toppert1 on Jan 01, 2025 4:08pm
Hypothetical scenario
Simplified for explanation/education.
The company grants options exercisable at 45 cents to directors.
One director exercises 36,500 options.
The company puts $16,425 in the bank.
( 36,500 × .45 )
That same director sells 36,500 shares at .60, and nets a profit of $5,425.
( 36,500 x .15 )
Everyone wins, except the buyers of the directors' shares.
They're left holding the bag.
I really don't think this board prioritizes shareholders' interests.
Comment by
Toppert1 on Jan 01, 2025 4:13pm
A backdoor financing not unlike the somewhat unsuccessful effort to finance via repricing 3.6 million warrants perhaps.
Comment by
Melida on Jan 01, 2025 4:16pm
Hey rocket man, what are the multiple applications of a 20MW plasma torch. Perhaps the more pertinent question should be are you seeking help for your addiction to this board ? Addiction is scary. The overwhelming need obliterates all reasoning