Not a bribe, just a little incentive to stay invested in the Company and receive the options. I can see why they (the loyalty ops) are sometimes frowned upon or considered a gimmick but in Ardea’s case they have worked particularly well.
In my situation, I could have easily sold out early on. Instead, I held on (yes, to get the options), then a funny thing happened. The EV story began to heat up, Ni prices recovered and Co through the roof. So now, I exercise those options, the Company gets some funding, and I’m a happy investor with no intention of selling out whilst Ni/Co continue on trend.
Obviously, would have been a different story if the options never made it ‘in the money’. It was also disappointing that o/seas investors weren’t eligible, I think that’s unfair but maybe some regulatory or practical issues there.
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