My "alternate" scenario could be in play now.
With no crosses (maybe one or two occur this week?), AE may simply be warehousing his shares until the next pp.
Then, in conjunction with the pp, he sells his 60 cent shares (and maybe a few more to cover taxes) to one of the institutions at the same price as the pp.
After the financing is complete, ZEN formally announces the PFS, the stock pops, and AE collects his $250k bonus (is that in US or CDN funds?).
By exercising his options, AE would give the impression that he has complete faith in the project, thereby setting the stage for the next financing.
Conversely, not exercising the options would be devastating to the current shareholders.
Any zennanite who says that it is no big deal, one way or the other, is completely and utterly clueless.
IF AE let his options expire, then I suspect the next financing will be flow through shares priced well under a loonie. |
