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Bullboard - Stock Discussion Forum Acceleware Ltd V.AXE

Alternate Symbol(s):  ACWRF

Acceleware Ltd. is an advanced electromagnetic (EM) heating company with highly scalable EM solutions for large industrial applications. Its segments include High-Performance Computing (HPC) and RF Heating. The HPC segment sells proprietary high-performance computing software and related consulting services and training programs to the oil and gas industry. The RF Heating segment is engaged in... see more

TSXV:AXE - Post Discussion

Acceleware Ltd > Selling pressure...
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Post by Malton1 on Aug 22, 2021 9:11am

Selling pressure...

At some point the selling of shares to pay for options is going to stop.  Not sure how many employees are eligible but I bet it is the majority.  Great way for the company to pick up some cash. Not worried about day to day fluctuations... really quite meaningless.  Spring 2022 we will all look a lot different!!!!!
Comment by Whampoa on Aug 22, 2021 11:08am
So far only two insiders have done as you say.  One just maintained total portfolio holdings. The others who have exchanged options for shares with their own earnings and increasing their total portfolio holdings. Thus showing confidence in Marwayne. I thinks insiders are done with this batch of Aug 31 options. Will monitor next week.
Comment by Malton1 on Aug 22, 2021 3:11pm
Oh I agree insiders are probably done but there are a lot of non insider employees who should also be able to get these options as well.  Sell at .30 and buy twice as much at .15.  Great deal!!
Comment by Lurker11 on Aug 23, 2021 12:51am
All of those recent transactions appear to be a simple conversion from "direct ownership options" to "direct ownership shares".  After the vesting period had expired (usually 3 or 5 years) the recipient has to either cash the options out if they are in the money (purchased at 0.15) or transfer them to common shares and hold them like any other common share.  This is ...more  
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