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- Nov 28, 2016
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I was the low buyer today. Picked off some fool's market order.
FYI the options price of 4.25 was in Canadian Dollars sorry i should've specified. Also looks like I missed something in my DD regarding newly issued options. The recent 1.2 million options were newly issued based on some type of fixed formula. Perhaps you're more familiar with this type of arrangement it's above my paygrade.
See post below and copies i pulled from the Sedar site of their most recent financial disclosure.
It appears the Stock Option Plan is not set at a fixed number, but rather is fixed at 10% of the number of issued and outstanding shares of stock. For example, when the warrants were exercised a short time ago, this enabled the company to issue additional options equal to 10% of those shares newly issued upon exercise of those warrants.