Mr. Faucher exercised 1,000,000 13-cent call options on September 15, 2020;
In return, he had to send a check for $ 130,000 to Robex (1,000,000 shares x 13 cents);
For his 2020 tax return, Mr. Faucher must report a gain that is the difference between the fair market value of RBX on September 15, 2020 and the value listed on the call option (45 cents - 13 cents);
Your friend the accountant can tell you approximately how much tax Mr. Faucher must pay on this gain;
This tax payable + $ 130,000 is equal to the total amount that Mr. Faucher has paid to date for the exercise of his stock options;
Since Mr. Faucher does not have the possibility of cashing in considerable sums by telling his little misfortunes on TV like Harry and Meghan, he had to sell 250,000 shares at 48 cents to finance this investment;
For his 2021 tax return, Mr. Faucher will have to report a gain on the sale of his 250,000 shares, which is the difference between the price sold and the fair market value of RBX on September 15, 2020 (48 cents - 45 cents) ;
Even so, Mr. Faucher still has 2,287,000 shares of Robex at an average cost of around 13 cents;
Since Mr. Faucher got $ 120,000 from the sale of his shares and the amount he had to spend to exercise his options is much higher, I believe that Mr. Faucher attempted to sell the smaller amount of his actions to pay his bills;
This sale is a good representation of the confidence that Mr. Faucher maintains in the potential for appreciation in the value of RBX;
It is wrong to conclude that this sale implies that there will not be a dividend payment in the near future;
This wait is long, painful and a little frustrating. This is especially true for the results of drilling. Despite everything, my confidence in the management team is unwavering because they will succeed in surprising us once again;
I still believe that this silence from the management team is a sign that there is a big project in the making and that on the day of the announcement, it would be better to have as many actions as possible in your account because it could make Boom!
GLTA