Nexoptic Technology Corp V.NXO

Regarding the 8 Million shares held by Computershare.

[AUborealis]

Apparently a lot of people 'missed' the SEDAR filing of:

Jun 30 2021   

18:52:12 ET   

Statement of Executive Compensation (Form 51-102F6V) - English

Those shares are gone, i.e.'locked in' and 'allocated' to management.

I reproduce it here for those that are lacking in DD skills.

[JustStartingOut]

There are 10,250,000 options available at .36 cents where the proceeds go to NXO.  There are 8,000,000 rights available to be exercised where the proceeds go to the D brothers.

[AUborealis]

Agreed. And they may have to wait until May 28, 2027 to see their paltry $0.36. It will be interesting to see what price the exercisors will recieve. I plan on being here until then.

[Truhlik]

AUborealis:  That's right, NXO decided how to allocate the stock rights against these 8M 3DB shares that are held in trust for now.  That's their right, as per the May 2020 agreement.   One thing that stands out for me from this filing is that Kevin Gorden was not given any of these 8M stock rights.  Looks at how they split these 8M.  BOD and top management kept

[AUborealis]

I believe that KG and others on the team are granted options and are well taken care of. And that means $$$ for NXO treasury in the future, and not former mgmnt.'s pockets. All good.

[Truhlik]

AUboarealis: I sure hope that KG is well incentivesed, but where did you see that he was granted options this year?  Looking through the "Jun 30 2021   Statement of Executive Compensation (Form 51-102F6V)" that you referenced in prior post, he is not listed at all.  0 stock rights and 0 options for KG.  Maybe because KG is a lowly VP, he does not get any options

[Truhlik]

AUborealis:  To clarify, I am sure KG is getting some options and incentives, just like other employees are.   The BOD will make sure.   I just meant that it would have been nice if KG could have got on the really lucrative options and 8M issued rights (3DB shares) that all other executives and BOD got as listed in the executive compensation filing.  Cheers.

[AUborealis]

KG isn't part of Management so we won't see his option position. And there are other methods of piecing KG and his team in to incentivize them. DSU's etc. Item 5 (d) from the Financial Statements: d) Stock Options and Long-Term Equity Incentive Plan The Company has a stock option plan (“Option Plan”) and long term equity incentive plan (“Incentive Plan”) in place that allows for the