There is a lot going on there. It looks like he d
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Posted On: 06/08/2020 8:34:40 PM
Re: mountaineer #37127
There is a lot going on there. It looks like he did a variety of transactions that put $1.4 million in CYDY's bank account via exercise of warrants and conversion of a note to common stock.
He got a very nice incentive, as he had some warrants at a 30 cent exercise price that were reduce to 18 cents. (1.8 million of these). This happened back in February. Seems like he got a really good deal. The stock was trading around $1 then, so I'm not sure why he required such an incentive. Must be nice to be rich!
He is our largest shareholder on the BOD, controlling over 15 million shares.
The good news, is that it appears that he is exercising/converting and HOLDING. That is better than exercising and selling. That may have been the reason for the incentive (just a guess).
He got a very nice incentive, as he had some warrants at a 30 cent exercise price that were reduce to 18 cents. (1.8 million of these). This happened back in February. Seems like he got a really good deal. The stock was trading around $1 then, so I'm not sure why he required such an incentive. Must be nice to be rich!
He is our largest shareholder on the BOD, controlling over 15 million shares.
The good news, is that it appears that he is exercising/converting and HOLDING. That is better than exercising and selling. That may have been the reason for the incentive (just a guess).
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