So, Friday, these options to purchase stock were exercised (approximate numbers:)
Linda Powers - 42M shares
Alton Boynton - 3M shares
Marnix Bosch - 27M shares
Leslie Goldman - 21M shares
Those are the filings I saw with the SEC forms posted on Twitter by someone.
Now, some will scream dilution, but the SEC paperwork says most of these options were approved and publicly reported in 2018, while others were approved in Jan. 2020.
The question is, why now?
Was there a milestone reached within the company, like hard data lock, entitling them to purchase now?
It seems like a very bullish sign- as long as they don’t all start selling them Monday morning... I didn’t see any limitation to sales in the paperwork and honestly don’t know how that would work...
The shares were purchased for .21 or .25 each, so yes, a healthy instant profit- but only on paper. We saw what happened last week when about 2M shares were sold- HUGE temporary drop in price- so imagine if even a portion of these shares were attempted to be sold. The price would drop back to the teens or less- resulting in a huge LOSS for exercising these options.
They must know this- and this tells me they very obviously do NOT intend to shed these shares, so this is a HUGELY BULLISH SIGNAL!!!
Exercising all those options now, if bad news was imminent, would be financial suicide. Even if they expected the stock to remain about the same, it would be a foolish financial move.
My take from all this- HERE WE GO, MY FRIENDS!! Next week is going to be BLAST OFF! I also predict this means data lock was achieved and will be announced next week as well!
