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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (159531)	8/15/2023 12:04:13 PM
From: Goose94	Read Replies (1) \| Respond to of 203382

Aston Bay Holdings (BAY-V) up 15.91% on vol.

To: Goose94 who wrote (159531)	8/15/2023 6:36:31 PM
From: Goose94	Read Replies (2) \| Respond to of 203382

Aston Bay Holdings (BAY-V) @HRA-Coffin Apropos of nothing, I responded to a comment on twitter and am posting the response here in case some people freak out when they see a bunch of "insider sales" in the next couple of days. There will be more. $BAY was not able to complete a planned $2 million placement, because of the price move. They need cash - badly - so some of the board is exercising options and they asked holders of the one set of outstanding warrants to exercise them if they could (I did). Not everyone can exercise this amount of options and just take their chances on the tax liability that exercising them creates (which is significant). I expect to see Tom and other directors exercise a large number of options too and I told him to not be foolish and at least sell enough to cover the tax liability. Company already owes him like $800k. If you don't know the tax law, and there is no reason you should if you don't get executive options, when you exercise options, the difference between the strike price of the option and the price of the stock on the day you exercise them is taxable income. Note that the tax liability is triggered by the exercise of the option, NOT the eventual sale of the stock. I know a couple of tech bros who exercised stock when prices were insane then found out after the internet bubble popped how the tax law worked. It bankrupted them. Literally. That is why you virtually always see C suite and directors sell at least a chunk of the stock optioned immediately. The potential liability if they don't do that is just too large unless they are already independently wealthy. Everyone who bought the stock in the last week was high fiving about the placement being cancelled. Well, this is the required Plan B to keep it solvent. I still expect (and want) to see $BAY do a large enough placement to get rid of liabilities and have enough cash for at least a year. Not sure when it happens but I'm sure some will bitch when it does. Well, this ain't my first rodeo and I can tell you that there is two word description for a board of a public company that does not take advantage of a market move like this to put money in the till - "fucking stoopid". Rant over. Peace, out. ceo.ca