Uh, I know. I pointed out that $HAON paid for Hopp with shares of Halitron. I don’t know why you then feel the need to school me on the fact that HAON acquired Hopp. Are you even reading the words I am typing?
CEOs and other employees of Halitron could be issued stock options, just like any other publicly traded company, at which point they’re restricted, as per SEC guidelines, until a set date or set circumstances. In $HAON’s earlier years, Bernard was paying employees with company stock, which probably included himself, so that tracks. He would have to be an idiot to dump ALL his shares on the open market (although I’m sure he needed SOME salary) at these prices, it wouldn’t benefit him, the company, or shareholders. So away into a trust they go, presumably. That’s not unusual.
You’re taking a gigantic hop, skip, and a leap to this fabled “cashless buyback”, which again, isn’t a real thing. That’s a made up term for something that, quite simply, doesn’t exist. There is no such thing as a cashless buyback.
Here are the sequence of events in chronological order:
1. $HAON purchases Hopp with Halitron shares (several billion dilution occurs)
2. Hopp gets massive 425+ store order and Halitron closes unnecessarily larger (and costlier) offices, adding major revenue and reducing overhead
3. $HAON uses the profits from Hopp to buyback the shares that got dumped on the market, which allowed Halitron to acquire Hopp to begin with
Hopp is paying for itself, basically
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