It's funny how all the people issued with Options at IPO have made a killing, yet anyone that bought HZROs has done their dough.
Even Mac were afforded the opportunity to trade their options, by HZR allowing their options to be converted to HZROs. Mac subsequently traded them on market immediately.
Ward was recently quoted saying options shouldn't be traded. If this is the case, why did they convert Mac's options to HZROs in June 2018? The only answer is to let them trade the options, as their previous options had the same exercise price (30c).
So when Ward says options shouldn't be traded, management clearly mean they shouldn't be traded by us retailers, but for those that got freebies then that is fine.
It is actually making me feel sick how the option holders have been played on this. No Ward isn't all to blame, as he wasn't around when Mac was. But he has not for one second thought about the financial situation he has put us retailers in.
I bet they are turning a blind eye now too "there will be a lot of chatter on Hot Copper about options and us management. Block your ears, it will be gone by January"
HZR Price at posting:
29.0¢ Sentiment: Buy Disclosure: Held
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