RHK 0.00% 88.0¢ red hawk mining limited

money from kw sold oppies to company is ok

  1. 1,377 Posts.
    Have checked the transaction by CEO and now realise that he sold the oppies at rock bottom price and used the proceeds to convert as many options as the funds allowed. I initially misunderstood the posts on this thinking that the head stock had been bought on market. In fact he sold some options to cover the cost of converting as many options as those funds allowed. The purchase monies did not go to a market seller but went to the company. Pretty rational decision IMO but in the right spirit as he could have bought the head stock cheaper had he bought on market.
 
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