Comment by
rex50 on Dec 29, 2020 10:57pm
Why would consultants put almost half a million dollars to exercise over a million options at 42.5 cents and take risk in this company with almost no revenue ? Unless these consultants or investors are pretty sure about near term contracts executions?
Comment by
aaaaaargh on Dec 29, 2020 11:37pm
There is only one reason. To sell those shares at these prices. Even if you believe in the company, there is no risk to holding those options as they were....
Comment by
lscfa on Dec 30, 2020 11:05am
The options don't expire for years so someone is exercising now to sell the shares now.
Comment by
trade2win2 on Dec 30, 2020 11:19am
Yes iscfa that is one option , but there are other reason such as locking in smaller profits for capital gain reporting and moving the shares to tax sheltered accounts at lower prices. Etc
Comment by
aaaaaargh on Dec 30, 2020 11:40am
Exactly. This is how you get to cash flow positive with little cash flow. You pay your bills with shares.....
Comment by
knicksman on Dec 30, 2020 12:52pm
The stock has doubled in two months. And here you guys are stuck in a time capsule of May 2020 rehashing all the same garbage. Yes, options as compensation. All start ups do it. Meanwhile, I'm doing the math on how much money they'll make in the second half of 2021...and this stock is still cheap. Move along guys.
Comment by
watch22 on Dec 30, 2020 1:15pm
kick, I've only been a holder for 3 weeks... and I've also been trying to do the numbers... clinics / clients (potential, or does everyone get pushed to the platform) / revenue... and I have nothing but a few sketchy data points. I'm curious as to what you see as the potential? I certainly see another WELL type story here... maybe even bigger. thanks