Form 4's, hadn't seen um until now when you pointed them out. Just gave um a glance.
Looks like pretty much everybody (meaning Sr. mgt and BOD) just got a 400K share block grant of options (right to buy). Looks like it was done on 11/3/14 for everybody I think.
What's interesting though is the share price (right to buy) is at .025 cents, which is quite a bit higher than the market price on 11/3? (11/3 was 2 cents a share or less I beleive, market price?)
So not sure how that was figured and and why? Options are usually granted at the market price- as far as I'm aware, a lot of time even lower for Sr. mgt by using set-aside preferred shares and stuff like that. Unless they're doing paperwork for options granted earlier when the price was higher, but that doesn't really make any sense as the transaction dates are all 11/3/2014 as far as I can tell, so who knows?
I'll look through a 10-K later and see if the "incentive plan" or whatever it's called, states how the option grant price is calculated.
And secondly, they appear to be "instant vest" options, meaning the grant date and then right to exercise date in box #3 and box #6 is the same date. Making um exercisable the day they were granted, not vesting over a typical 4 yr schedule which is more common.
Of course with the price being where it's been, a 2.5 cent option is "out" of the money- not worth anything right now. But if I remember, it seems that 400K block has been seen in the past- so pretty sure it's some on-going, quarterly or some part of a pre-established "incentive plan" or whatever they call it.
So almost certain this is nothing more than something to do with their on-going, or what they call their annual compensation or incentive plan- something like that IMO.
Saw your second post that, "something is up with BHRT" to that effect. Gotta say, seems that way, the past few days trading is a wild ride to say the least- from nothing vol and days it barely opened last week and maybe traded like $2K for the entire day, to a 14% price swing yesterday closing in the red, to now 2 million plus shares or whatever it is today, with a low of .015 and then a close up at .0165, but on lower volumes towards end of day I believe. It's a wild ride to say the least.
Unfortunately - don't know if it's "something really is up" or is this just more odd-ball fast trading, with the likes of now Magna and/or Asher and similar all behind the scenes driving most of the action?
I sure don't know; that was .015 to .017 again today, about a 14% swing or more, it's just all over the place, and now today, a good size (double the normal) volume spike? We'll see if it goes back to low or little vol in the next few days - that may be telling.
AI
