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Message: Re: Current Testing
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Oct 25, 2018 01:46PM

Just a reminder, the amount insiders bought works out to probably less than 0.5% of the amount of options insiders have been awarded since Suresh came on board.

I have no idea how  you came up  with that number but let’s look at an example. If you do  a query on  SEDI for  2018 the first insider on that list who participated in the raise is David Lazovsky the Executive Chairman. So his salary as US$183k or about $240k CAD. He bought 181K units in the placement for $100k Cad or  about 42% of his gross salary. I  don’t think that is insignificant. He was issued 3 million shares when he was appointed as the executive chair or so his purchase was the equivalent of 17% of what he issued.

So the question becomes why would DL spend 42% of his annual salary (before taxes) which might be something more like 60% or more of his after tax earnings when he was issued 3 million options? 

Darryl your following assumption does not paint an accurate picture. Just a reminder, the amount insiders bought works out to probably less than 0.5% of the amount of options insiders have been awarded since Suresh came on board.

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