InvestorsHub Logo
icon url

Don

10/04/19 9:53 PM

#278 RE: tdeck #276

Looking at the Form 4 filings, they are award of options to purchase shares under the company incentive plan. They vest at $0.26 in one year.
Don’t see anything related to a black out period. Maybe your friend can help there.
icon url

JohnSamuel

10/04/19 9:55 PM

#279 RE: tdeck #276

tdeck, on the Form 4's it is pretty standard for the company to make you wait for a year until the first batch of shares are allowed to be purchased at the "discounted" price, as an example 26 cents @ share on Oct. 2, 2020.
So, if the total award was 1,000 shares, on that date the awardee can purchase 200 shares on or after that date at the 26 cent @ share price. If the shares are at $2.00 then it is a great deal for the employee at 26 cents. Then on Oct. 2, 2021 the employee can buy another 200 shares at 26 cents @ share. If they are trading for $5 @ share, wow ... he is happy as a pig in shi_ ... and so on another 200 @ year until the total 1,000 that were awarded are purchased or expired on Oct. 2, 2026.

The receipiants of all these Form 4's could hit the jackpot if we are all correct on how this stock will appreciate over the next 5-6 years ...;)

John