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Message: Insider activity, grants of rights and an option exercise at 75 cents

KOO - I apologise that on the earlier post, I believe I kept typing DSU's while I meant RSU's. If I am correct on how RSU's work, they won't save that much as they will have to send in withholding tax to the CRA. 234,700 RSU's at $2.95 is $692,365 plus Johanssen's options at $0.75 is another $28,125.for a total of $720,490 cash in or not paid out to persons. I would guess that the tax rates for the RSU's would vary between 36% and 48%. The persons receiving the most like DM are probably at the max. so I think I am conservative by using 42%. That would make $290,793 in tax to be submitted due to vesting the RSU's. That makes a cash saving of only $401,572 on the RSU's plus the $28,125 cash in from Johanssen to total $429,697. To cover the tax, I think the company holds back 98,574 RSU's so don't have to issue those shares so in the end, it would only dilute by 136,126 common shares rather than 234,700 common shares.  

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