alwaysgreen
Top 20
lol the real dizzan is back
where did i say what to do..?
"MOVE ON"?
This is a good point and if he had sold the lot, it would have been catastrophic for the share price. I'm thankful that didn't happen.Here is a thought which in my opinion should be given weight.
The two million shares received by the CEO are part of his salary.
Ignoring that he sold 972,000 odd shares to pay his tax I would like to draw attention to the fact that the CEO has actually spent close to $800,000 of his salary to acquire 1,083,000 Brainchip shares.
Before you dismiss this consider the situation where instead of agreeing to take cash and shares the CEO insisted on receiving an all cash salary.
The cash would have been taxed as occurred with the share based payment. The tax paid would be the same.
If the CEO then took $800,000.00 of his cash salary and bought 1,083,000 shares according to some here this would be a sign of faith in Brainchip.
If it is why is the CEOs retention of 1,083,000 shares instead of selling all two million shares to convert them all to a cash salary less worthy???
Those who are ignoring the retention of these shares as proof of the CEO having faith in BRAINCHIP need to stand back and look again at his actions. He could have very easily chosen to have all 2 million shares sold and the $800,000 odd dollars handed to him and then bought Tesla, Nvidia, Amazon or Google shares or even Berkshire Hathaway but no he chose to buy/keep 1,083,000 Brainchip shares.
My opinion only DYOR
FF
AKIDA BALLISTA
Also, I am not bagging Sean or his decision, it would just have been great to see him take the opportunity to use the loophole to "purchase" more shares.