Post by
MoverShaker on Apr 28, 2024 1:25pm
Options expiring April 30, 2024
I'm hoping the delay is related to the options expring April 30, 2024 and not a CTO due to lack of funding of operations (I can't recall what their burn rate is) or it's doing some type of fancy accounting for future plans and not to close down the business given they just scored 2 significant contracts. The following insider options are set to expire at $0.32:
S. Kanes: 300,000
J. Archibald: 500,000
M. Boyd: 70,000
RM Gage: 70,000
G. Sturgeoner: 70,000
A. Archibald: 250,000
S. Gledhill: 50,000
T. Wiltrout: 70,000
________
1,380,000 shares
If the options are being repriced then it may be the cause of the filing delay. I'm no expert in this area so perhaps those with more knowledge or expertise can comment. That's just my hope as a long term sharholder I've shared the share price decline from it's all time high to this low. I've followed and continued to accumilate shares since this was first switched from BlueOcean Sciences to Grow during the MJ pot rush in 2017. I've always had this positive feeling about the tech but waiting for it to gain traction in the way of share price is painful to watch while other investment opportunities have left this stock in the dust.
The recent contracts left me with a glimmer of hope and my belief stays with the management doing their best in a tough industry and market (the agirculture industry is extremely slow moving and difficult to adopt new technology without a proven track record) combined with the recovery from the pandemic and market volatility) are the only reasons I haven't abandoned this play. Time will tell if it this will grow or turn into fertilizer.