Not a shareholder but interested on looker.
I always try and see the other side of the deal and in this case Sheffield could have negotiated free options, if the price goes up it amounts to the same thing. But he didn’t he wanted cash to buy the options, if funding is longer in coming and the share price drops to half or by 25% ( not saying it will) he can pick up many more shares. This deal is a good one for him as it gives him cash now and time and personally I would feel better if management had just packaged it up announcements together.
TON
Price at posting:
9.3¢ Sentiment: None Disclosure: Not Held
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