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asianvest 2 posts  |  Last Activity: Jun 30, 2016 10:28 PM Member since: Aug 6, 2001
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  • 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."

  • Silvercorp's 16,255,503 share repurchase program (NCIB) runs Dec 29, 2015 to Dec 28, 2016 and permits the company to repurchase up to 48,037 TSX shares/day (with exceptions).

    Weeks since inception: 26
    Weeks remaining: 26

    Open price on December 29, 2015: $0.4980
    Last close on June 28, 2016: $2.1826

    Total shares repurchased to date: 1,714,500
    TSX (NCIB) shares repurchased to date: 556,500
    Insider Options granted to date: 3,827,125
    Insider shares sold to date: 14,900

    * Silvercorp's Historical Repurchase Results:
    2015-16: Announced "up to" 16,255,503 shares; bought so far 1,714,500
    2014-15: Announced "up to" 16,500,000 shares; bought 2,322,952
    2013-14: Announced "up to" 8,500,000 shares; bought ZERO
    2011-12: Announced "up to" 10,000,000 shares; bought 4,468,012
    2008-09: Announced "up to" 10,601,212 shares; bought 2,366,500

0.160.0000(0.00%)Jul 10 3:24 PMEDT