Six months ago SVM awarded a handful of insiders a ton of options that vest over just 2 years... with a quarter vesting every six months. Nearly 4 million of these lavish options were granted, at the paltry strike price of 66-cents (CAD) -- so with today's close of $2.94, the nearly 950k options that are now vested represent a risk-free gain to those insiders of about $2.2 million. Whew wee -- whatta windfall!!!
I predict a lotta options gonna be exercised and sold soon -- giving the company some much needed $, and the insiders an instant gain (plus, they can always award themselves many more new options to replace whatever they sell). Only the poor retail shareholders get stuck with dilution.
[From the financial statement]
"During the year ended March 31, 2016, a total of 3,827,125 options with a life of three years were granted to directors, officers, and employees at an exercise price of CAD$0.66 per share subject to a vesting schedule over a two‐year term with 25% of the options vesting every six months from the date of grant."