director exercises options, page-6

revelation

Ruane sold heads for $1.50 not $1.60 (370K for $555,192)
&
Exercised 1.53m oppies @ 20 cents = $306K

So he was net cash from the transaction just $150K (& who knows, maybe he's waiting for a retrace to spend that too?)

The GREAT point about this type of transaction by a director is that he is pumping working capital into the company TODAY whereas if he sits on the oppies until exercise date (like everyone else) the capital is unrealised.

I personally hope he exercises even more of his options (to inject even more working capital) & sells a few of his existing heads to finance it, because then there will be a bit more liquidity for other buyers of the heads.

It's all good in my view