Dice, the end of your last post may be much more important than folks realize ("Service Providers"). Those 9.X million shares, as we already saw with Cambridge, are worth $$$, and as such, they can also be used as direct payment for various services. As good as cash, maybe much much better than cash - because Titan can continue to operate even if their cash supply should weaken. Their potential need to do another dilutive raise is greatly diminished as long as they hold off on assigning those shares to employees. And it would make more sense to hold off on assigning the shares to anyone, in order to see what each employee actually contributes to the program and who really deserves what. Or keep them in their pocket as vendor payment if needed.
And Roll, to your point on yesterday's volume... Trading volume was absolutely feeble yesterday until late in the day when someone started snagging huge chunks, which also drove the price up. If their intent was to drive the price up, they would have leveraged their buying power and bought via tons of smaller orders. The large blocks imply that this was a rapid accumulation, not a price adjustment game. But then the market closed! So... were these deep pockets done with their accumulation? Or were they just getting starting started when trading ended? Some people don't really like playing in after-market and pre-market trades; some accounts do't even allow it (for us small-timers). The point is that once the bell rings in about 10 minutes, we could see this accumulation kick back off.
And regardless of whether it is done or not, someone else now holds a good chunk of Titan shares. Maybe this will make it more expensive for the shorts to borrow shares, cutting into their profits... All good!
Message in reply to:
DiceMaker Wednesday, 07/29/20 07:20:56 AM
Re: Honeycomb777 post# 111953 0
Post # 111965 of 111981
It is open to way more than just current employees and management...
The Board may, in its discretion, select any of the following persons to participate in this Plan and to receive Options under this Plan:
(i)
directors of the Corporation and of any Affiliate of the Corporation;
(ii)
officers of the Corporation and of any Affiliate of the Corporation;
(iii)
employees of the Corporation and of any Affiliate of the Corporation; and
(iv)
Service Providers;
