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Posted On: 11/10/2018 4:53:59 PM
Post# of 72447
Thanks for your reply! I should’ve asked which term is equivalent to shorting. I don’t understand why the lawyers didn’t simply write the word “shorting” like in the Aspire agreement so there’s no confusion.
As for the 10b5-1 plan, my understanding is that the MFO can say something like we plan to sell x amount of shares at $2 on a certain date and such plan is valid. If $2 is a prerequisite then I don’t know why the lawyers wrote it because the SP was around 30 cents when the agreement was signed.
Leo said the MFO expect the stock to go up. I asked why the MFO haven’t converted most of the shares several times but haven’t received a logical answer. What’s your opinion?
As for the 10b5-1 plan, my understanding is that the MFO can say something like we plan to sell x amount of shares at $2 on a certain date and such plan is valid. If $2 is a prerequisite then I don’t know why the lawyers wrote it because the SP was around 30 cents when the agreement was signed.
Leo said the MFO expect the stock to go up. I asked why the MFO haven’t converted most of the shares several times but haven’t received a logical answer. What’s your opinion?
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