Vista Gold Corp (VGZ)

[suberizedwrx]

From the latest Form 4 I have read, each RSU that VGZ management has converts to 1 common share at no cost to convert/exercise, thus making the common share pure profit for the inside seller when they turn around and sell it at market value.

Thus...at current time ~26 cents per share to sell at no cost to get the shares.

Again...the math for me is, I buy VGZ for XX cents today....it goes down by YY cents tomorrow. My account goes down in value. These guys have RSU (basically a way to get free shares). They convert these shares to common (dilution) and begin selling these shares on the retail market for pure profit.

A little unsettling when I see other companies that have derivatives with exercise prices at market value (not free like it appears with VGZ RSU). It doesn't feel like VGZ is playing fair. If you can show me where the RSU to common has some kind of cost to VGZ management before they sell it to the retailer I'd be all ears....but thus far it's looking like:

<Retail trader already invested in VGZ perspective>
Dilution via RSU to common share conversion by VGZ management. Why would I buy more shares of VGZ with the following in mind (see next perspective)..

<Retail trader not invested in VGZ perspective>
Dilution...and why would I buy shares knowing management will at some point be selling their own shares at market value that they got for free?

<VGZ management perspective>
Pure profit by selling shares shares we obtained for free to the retailer at market price. I hope the retailer doesn't read the Form 4 (sarcasm).