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Not many people talk about the ESOS, so let's talk about it here.
788m units were immediately released to eligible employees, the mentioned names only took around 50m units, balance were supposedly distributed to employees, which is around 730m units.
So the question is, do the employees pay using cash? Do they have millions to purchase? or they plan to just sell it in market and profit the price difference using contra?
Who are the employees that could pay millions ?
Zetrix will get around RM42m from this ESOS, since it was executed immediately on 23rd Oct, it shows that the company needed the money as soon as possible. Normally other companies ESOS usually will not be on the same day.
Summary for two big questions for this ESOS, who get the 730m units of share and what is the money for?
Good insight! Let me put it this way: if the employees or insiders fully subscribe to the ESOS, it would certainly be an encouraging sign. It could suggest that they have confidence in the company’s business and that the problems may be more related to the margin calls than to the business itself.
Those four forum gurus should at least apologise to everyone here for speculating about fake accounts fake ai development a few years back, especially if their claims were never backed by solid evidence. Their comments contributed to my decision to cut loss at the wrong time, and that cost me money. If you’re going to make serious allegations, you should have solid evidence to back them up, not simply throw accusations around and scare investors.
