Niocorp Developments Ltd (NB)

[Middleborder]

A.O.

Speculations on early group excercise of options:

Employee stock options CAN have a "reload" feature associated with them; exercise your options and you have a provision that automatically grants you more. Good for them, but more dilution for us.

Still, as you said, that they all do it at the same time strikes me as odd. (TO BE CLEAR...I KNOW NOTHING, just thinking out loud....)

It could be something done prior to a merger or sale. Need to get the options exercised or the options expire upon the sale of the company. A rush for the door sort of thing that could be positive for shareholders depending on that is about to happen.

OR, The company needs money to keep running and management and the board are exercising options and the payments go to the company to keep the lights on.

If its the last, then we know that management and the board believe in the company and are willing to put their money on the line to back it. This would make most sense if they knew that they were about to get financed (and probably would grant themselves more options at the next board meeting!)


Again, total speculation.