The options out ot the money expire. However they will award themselves more options at much lower strike prices based on the current share price. For example options awarded today at 35 c ents. In a couple of years time when the share price may be 60 cents , they sell what shares they have at 60 cents to finance the purchase of shares at 35 cents.i.e. take up the option. Why buy on market when they can do what Mike Lampron has been doing for years. The only comfort is he has exercised options at higher prices and paid for them. However the shares he sold to pay for them he never had to buy. Shares awarded for ST and LT targets like the 800,000 he will be awarded in 2027 including 200,000 shares for getting M7T to above break even Have 30,000 shares left from 1.7M
M7T Price at posting:
35.5¢ Sentiment: Sell Disclosure: Held
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