The BoD share dealings going back to the 12/10 384p fiasco, RS's subsequent standing down as ceo, the priced issue of staff options, the chairman RR's 2014 departure, their MO and timings stink. Just what have they been hoping for. There's a lot going on in the background at XEL, in particular related to the delays in moving this pig forward to market since the touted old plan, EWT, and failed appearance of any white knight, that stockholders seem not privvy to. NDA's, MOU's and all that c*@p appear to be simply palliatives to stymie the company's timeline to production. Jmho..
The Options cannot be 'freebies and part of his severance package' because they would have had to have been announced before they could be taken up. This would have affected the 'fully diluted' value of the SP and the company in the event of a T/O. So, whilst not all details are provided in this RNS, we can surmise from previous info that these are the former Chairman's options. A Chairman who never bought or held a share, ffs. We know that of those 840k options he was awarded, only two tranches are in the money. 100k@C$0.74 (40.5p) 100k@C$0.68 (37.2p) Total cost for 200k £77.7k. Market value today - c.£130k.
Question is 'Why today, and will he sell on Friday?'. Is it likely that he would have 3 months to take up options before they expired? We were informed on May 8th of the BoD change, and it was not listed in the AGM circular in April. Is it a vote of confidence to entice PIs to top up their ISA, surely not. Is it because there is a window in the news now and his timing would look 'less informed', he will be aware of the situation in May and projected timescales. Or the conspiracy theory of your choice, lol.
Thanks for posting this link to Zak Mir video - some great chart analysis and very encouraging statistical evidence for a short time rise back within the range up to 90p Is this a regular You Tube post once can subscribe to?
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