It will be interesting to see what the final tally will be. The more he buys the better I will feel. Having the CEO buy on the open market is certainly a vote of confidence.
I hope the yet-to-be-determined bonus package does not include common shares. If JS were to recieve a large pile of shares, it would undermine much of that confidence.
Should JS purchase, say, a million shares at 0.12; then I would feel pretty ok about my investment. I know that he would want to protect the value of his shares. After all, it's his money. But what if JS were to be given a boatload for free? Say, 2 million common shares as a bonus. In that case he wins even if the share price goes down!!! Dump 2 million shares at the all time low share price of 6 cents and you pocket $120,000. Not a bad little bonus for a year's work. The funny thing is that the CEO doesn't even have to do a good job to make that money. In fact, the share price could collapse and there would still be a six figure bonus after all is said and done.
At this point in its corporate history, WLSA management can buy the trust of shareholders by purchasing shares on the open market.
Buying means BUYING! A few hundred thousand shares is not enough. Buy a boatload, JS. My trust can be bought!
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