Aurora Cannabis Inc (ACB)

[leopard messiah]

I doubt options were in the money when they agreed. Probably was the price when they struck the deal. Price jumped from strike price on news of his participation.

And he can’t exercise any of the options at any price until a full year passes (all vest of four years, probably in quarters). So he couldn’t have just used his name to make a quick buck.

Could they have negotiated a higher strike price? Sure, possibly. Agreed that would’ve incentivized him to hustle faster, maybe. But for getting a guy like Peltz, you gotta give something up. He’s pretty incentivized to create a big spike in PPS with the deal as-is. The prices at which the exercise dates accelerate are telling.

And considering our current O/S, 20M shares isn’t a back-breaker.