27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
The Ontario Superior Court of Justice upheld a May arbitration decision in favor of FSD Pharma Inc. (NASDAQ:HUGE) against its former CEO Dr. Raza Bokhari.
Allegations of Mismanagement
The court's judgment highlighted allegations of financial mismanagement by Bokhari, including an attempt to transfer $12 million from FSD Pharma's Canadian bank account to an American account under his control.
Bokhari's challenge to the arbitrator's decision was rejected by the court, which found his explanations unconvincing, wrote Adam Jackson for the Green Report Market.
Financial Repercussions
- Following the ruling, FSD Pharma is set to recover the C$2.8 million awarded in May, with an additional 6% interest rate.
- Bokhari also owes USD $175,000 for legal expenses, and his USD$150,000 security deposit has been forfeited.
In a separate development, FSD Pharma signed a strategic agreement with Celly Nutrition Corp., aiming to distribute a portion of its holdings in Celly Nu to shareholders.
Celly Nu specializes in beverages designed to accelerate alcohol metabolism and reduce breath alcohol levels, focusing on the dietary supplement market.
Finally, FSD Pharma assured investors that its proportional ownership in the company will remain unchanged, with adjustments to other investment types.
See Also: FSD Pharma Announces Agreement To Grant Exclusive Rights To Recreational Alcohol Misuse Technology
Price Action
HUGE shares were trading down at 1.54% at $1.211 per share Thursday afternoon.
Read Next: High Times Settles SEC Allegations With Fine Exceeding Half A Million Dollars
Image by El Planteo
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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