Post by
Wiseowl50 on Feb 17, 2021 2:26pm
Why
Would the major shareholders,who hold millions of shares choose to buy a few 100 thousand more shares @. .22. ???
Comment by
Hooveson on Feb 17, 2021 5:02pm
It's an exercising of options that are already in the money, it gives the company more dough and it shows confidence. That's my interpretation. Why do you think they shouldn't have, Wiseowl?
Comment by
Wiseowl50 on Feb 18, 2021 9:55am
Well this is just conjecture on my part. Yes the options are in the money. They each put in over $50,000. They have not taken a penny out of the company. Perhaps they are aware of news that is coming that will cause a run and allow them to flip these shares into the trading volume without causing much damage.
Comment by
Charlesp on Feb 18, 2021 10:00am
Really doubt they bought theses to dump on the market at theses level. They did not sell a single share 2 years ago when it touch 0.70$ really doubt they would dump at 0.50$ with all the catalysis in place.
Comment by
Wiseowl50 on Feb 18, 2021 10:07am
You are probably correct. But $50,000 is a lot of cash. Yet to own 300,000 more shares when you already hold a few million is insignificant.
Comment by
Charlesp on Feb 18, 2021 10:50am
I think we are too close to a major milestone to see any selling from Management.
Comment by
lscfa on Feb 17, 2021 5:23pm
The options expiry date was Feb 15, 2021 so they are not going to let them expire in the money.