150% of the VWAP is less impressive than it seems. For example, if the VWAP is $0.02, the options will vest at $0.03 using the cashless trade method, meaning no cash outlay from them. For James, this equates to $450,000 worth of shares without investing any real dollars. He might then hand these off to his financial manager to sell off, as I assume he did with his last parcel of vested performance rights.
REE Price at posting:
1.5¢ Sentiment: None Disclosure: Held
