Tuesday, October 18, 2016 2:43:52 PM
This month he filed that he was actually granted 100,00 options in March 2013 ($0.85 strike), not common shares as he reported in 2013.
"General remarks: The report was originally filed March 7, 2013 under common shares and is being refiled under options."
Of course it seemed he even messed up this "refiling" as he hasn't filed an amendment for the 100K common shares that it looks like he never owned.
Of course this appears to make the proxy filings incorrect as well - e.g. the proxy circular for the AGM stated he held 100,000 common shares. This may have impacted vote #s, shares outstanding, and who knows what else. Looks bush league in any case (IMHO).
I checked the voting agreement from July 15, 2013 and Peter signed a voting agreement to vote for the Eric Kelly nomninee and stating that he is the owner of 100,000 shares.
Options don't have votes....
No offense but the company looks like a gong show. IMHO.
________________________________________________________
Caller: But why did you back away from your prior guidance?
Eric Kelly: I am sorry? Hello?
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