Post by
blue55 on Jan 19, 2023 9:51am
Let's discuss options.....stock options
From Andrew's mouth:
The board of directors of the Company has approved the granting of stock options pursuant to its stock option plan to certain directors and executives of the Company to purchase up to an aggregate of 1,285,000 common shares in the Company. The options will be granted on January 20, 2023 and will be exercisable for a period of four years from the date of grant. The options will vest over a period of two years, with 321,250 vesting on each of July 20, 2023, January 20, 2024, July 20, 2024, and January 20, 2025. The exercise price for each option will be equal to the closing price of the common shares of the Company on the TSX Venture Exchange on January 20, 2023
I THINK IT IS A FAIR BET THAT "SOMEONE" BIDS DOWN THE LAST SHARES TRADED TOMORROW, TO AROUND 10 CENTS OR LESS......NOT SURE WHO THAT COULD BE.....BUT IT SEEMS FUNNY THEY'VE PICKED ONE DAY TO BENCH MARK THE OPTION PRICE.....INSTEAD OF THE MORE TRADITIONAL 3 MONTH ROLLING AVERAGE.