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Re: exwannabe post# 558417

Tuesday, 01/10/2023 6:24:24 PM

Tuesday, January 10, 2023 6:24:24 PM

Post# of 821175
I actually hope you're right, cashless option would free up a lot of shares. I believe most holding these option are reasonably well to do, why not pay for all the options they own and get more shares at a heavily discounted price to the current market, especially if they believe the share price will be substantially higher in the not too distant future.

I know most of these people already are holding a lot of shares, but the opportunity to add many more should be tempting. As many have inside information, buying on the open market is frequently prohibited.

Many believe insiders buying is a big positive, and it often is. What many don't understand is that much of the time insiders cannot purchase, even if they wish to, as they do have inside information. That's one of the reason options are granted to management, often at the share price at the time the option is granted, it gives them the right to buy in the future regardless of what they may know that's insider information.

Gary
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