Niocorp Developments Ltd (NB)

[tedro84]

Stock options still require them to invest their own money. I was under the impression they were receiving stock based awards as well as the options, This does not appear to be the case over the last few years anyways. The 2017 10k shows options and current holdings of the executive employees and directors. It appears most options have never been excersiced and some of these individuals own a surprisingly low number of shares. I am curious if someone had already done the research to find out how these shares were obtained, with the exception of MS as we know he made a $10MM investment when he took over.

Some of this information is in the 2017 10k but it doesn’t tell the whole story. Strangely, executive compensation was not included in the 2018 10k and is due to be filed separately by the end of October.

To answer your question, I would access the investment the same as all of my others, with the caveat that I typically have a higher degree of confidence when I am part of the deduction making team. Options would certainly be converted to shares based on the option price. In many of these cases that price is above the market price.