Followers | 376 |
Posts | 17197 |
Boards Moderated | 3 |
Alias Born | 03/07/2014 |
![](https://investorshub.advfn.com/uicon/458287.png?cb=1657037051)
Monday, March 10, 2014 5:59:00 PM
The other part of the document, Table II, bottom entry jives also with last 10-Q in that they granted themselves a boat load of options- but unlike typical options which vest over about 3 to 4 yrs before you can sell them- they gave um these as "instantly" vested. So he got 10 MILLION (HOLY SMOKES) share given to him then 400K shares more on 8/1 and 9/1/2013 and they were "vested" upon grant- which means he could sell away. Look at the volume this past week- wonder if he's unloading some of those 10 MILLION shares? Wow. Those were at .02. So he'd be "in the money" big time on this "strange" run-up in price, to say the least.
That's how I "read" it and what it says to me. By doing these "debt for common shares" so called "swaps" - hate to say it, but to me it says they're setting up to "get out". That's just my opinion. But if you had faith in the company- why not hold debt and get paid back interest and all your original principal? By going to common shares- it tells me they may want to SELL NOW, get what money they can and be ready to "bail out" as needed. That's just my opinion. But by going to common shares (which the Northstar guys did also)- and vesting them instantly, it says you can/will be able to see at will. Dump for cash anytime you want. Again, that's my take on it. I don't like the timing of a big spike/run up like this given they all just got gobs of shares inside of 5 or so months ago? They won't sell direct- like through E-trade or something. They have firms that will handle that "order flow" for um- and I've seen you guys and the other boards mentioning several broker-dealer/MM symbols showing up on the "ask" a lot lately with "large size" orders to sell being put on the tape- those MM/broker names when you look um up are all well known street names for handling "institutional clients", as in "insiders" who need to unload say 5 million or more shares. Oh well, we'll see I guess.
FEATURED Element79 Gold Corp Announces 2024 Clover Work Plans & Nevada Portfolio Updates • Sep 10, 2024 11:00 AM
Kona Gold Beverage Inc. Reports $1.225 Million in Revenue and $133,000 Net Profit for the Quarter • KGKG • Sep 10, 2024 1:30 PM
Nightfood Holdings Inc. Completes Major Step on Uplist Journey by Closing Strategic All-Stock Acquisition of CarryoutSupplies.com • NGTF • Sep 10, 2024 8:15 AM
Element79 Gold Corp. Announces Sale of 100% Interest in Elder Creek, North Mill Creek, and Elephant Projects to 1472886 B.C. Ltd. • ELEM • Sep 9, 2024 9:34 AM
North Bay Resources Commences Gold Shipments, Fran Gold Project, British Columbia; Enters Taber Gold Mine JV, Sierra County, California • NBRI • Sep 9, 2024 9:15 AM
Simple Stock Loans Announces Unique Solutions For Investors Looking for Alternative Liquidity Amidst Recent Small Cap Rally Sep 6, 2024 9:30 AM