Re: Current Testing
in response to
by
posted on
Oct 25, 2018 02:55PM
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.