Thermal Energy International Inc V.TMG

Options

[AlbertESG]

There are more than 13 million in the money and exercisable options outstanding. A chunk of these expire this week. I'm not sure exactly how many, but it's likely to be 1,875,000 since that is what they usually give out. It is almost certain that these options will be exercised since it is essentially free money.

Obviously, the big thing to watch is whether these new shares get held or dumped.

[AlbertESG]

I just looked up the NR from Nov 2018, and there were actually 3,875,000 options granted back then with a 5 year term at $0.08. Some of them might have already been exercised, but no doubt quite a few are left that expire on Nov 30. A nice risk free profit for those that exercise and sell.

[Mostlyserious]

If they get dumped right away it will not reflect well on the narrative about great product demand and good execution. I always thought the options plan was poorly designed.  In theory it is supposed to encourage company performance that rewards both employees and shareholders.  Has not worked out that well, starting with 5 year terms benefiting only the employees. I doubt this Board

[panapple42]

I assume any "market" sale of existing options would not take place before they issue new ones https://stockhouse.com/news/press-releases/2022/11/30/thermal-energy-international-announces-grant-of-stock-options

[panapple42]

I assumed wrong.  One question would be who was buying these past few days. Another question would be what said buyer(s) will do next.

[greendaze]

Once again , you were correct. Good call Panapple .