Post by
wintersun10 on Mar 15, 2024 5:14pm
Repriced options
What happens after a 90% haircut:
"In recognition of a critical need to retain employees, the Board of Directors has approved the repricing of 7,153,358 stock options from prices ranging between CA$2.60 and CA$11.90 to CA$1.75, being the closing price of the company's stock on March 14, 2024. The repriced stock options were granted to employees, consultants and insiders of the company in prior years. The repricing is applicable to stock options that are out of the money and were granted earlier than September 30, 2023."
Heck of a job boys. Now load up to keep the place afloat. Invest your entire paycheck. Oh boy. If you want to retain employees this way. If they are smart they run for the hills. But, what do i know?
Comment by
lscfa on Mar 16, 2024 1:52am
The bozos who tanked the share price from $2.70 US to $0.75 US with a moronic financing attempt should forfeit their options, not have them repriced.
Comment by
lscfa on Mar 16, 2024 1:57am
98% of the options are being repriced but all have expiry dates years away. Can't the damn employees wait for the stock price to rise?
Comment by
lscfa on Mar 16, 2024 10:25am
can't wait to vote no. "The Company will seek shareholder approval at the next Annual General and Special Meeting of shareholders."
Comment by
lscfa on Mar 16, 2024 11:40am
Due to the cash crunch maybe employees agreed to no cash salary increase and a reduced exercise price. Mgmt should be more transparent. Also, insiders should not be part of this scheme.