As far as I understand, I'd say that that's correct, mate. Now, as to whom own's what...
Washer 2,000,000
Ando 4,000,000
Telford 1,200,000
Callahan 2,000,000
Lars Lidgren 500,000
Qi Xiao Zhou 400,000
@bedger has explained about the cashless excise option before, but that's really only available to Ando & Telford atm. I don't know who owns the remaining 5M+ oppies.
"A cashless exercise, also known as a "same-day sale," is a transaction in which an employee exercises their stock options by using a short-term loan provided by a brokerage firm. The proceeds from exercising the stock options are then used to repay the loan.
Key Takeaways
Having said that, I don't know any company that doesn't need or want more cash.
- A cashless exercise transaction involves using a broker/business to facilitate the sale of stock options by employees.
- It is designed to allow employees to exercise their options even if they do not have the resources to make the upfront purchase of shares.
- Cashless exercises are popular among employees of publicly traded corporations and can receive favorable tax treatment under some conditions."
They'll raise again, but only once they have FDA approval. And then you'll see countless posts from newer Holders on here bemoaning how the company stitched them up, lied to them, it’s sh*t, Management are duds, etc etc That's my belief at anyway. We shall see.
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As far as I understand, I'd say that that's correct, mate. Now,...
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