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He needs to figure it out or he's

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lesgetrich Member Level  Sunday, 08/02/20 09:32:47 AM
Re: MD-420 post# 323
Post # of 331 
He needs to figure it out or he's going to have a big tax headache by April 2023 (since the stock is restricted for two years). He'll have to claim $40,137,788 in earned income at that time ($14,000,000+ tax due at 37% tax bracket). The stock was granted at an average price of $5.35/share. At $1/share he could only sell those shares for roughly $7,500,000.

I'd say he has plenty of incentive to increase the pps, - and don't say he can just sell his shares on a pump. As CEO he has to report the sale plus, OBTX has not sold more than 37,000 shares in a single day since it went public (there are currently only roughly 5 million shares OS). Even if he tried, he'd take years to sell all his shares at that volume and probably lose a ton of money.

So tell me again how he's going to take investor money.

Debunked Again

Les
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