Most small-cap stocks are a playground for insiders to pay themselves huge fees while the share price tanks, but the Tom Lee compensation plan for BMNR tells another story. If you look at the SEC filings, his compensation is a "10x or bust" contract that protects shareholders from the usual games. Really important points below:
- The plan uses a 90-day trailing average for all the major stock and market cap goals. Most grifters love a 24-hour hype spike so they can hit a bonus milestone and dump, but Lee doesn’t get a dime unless the stock stays at those high prices, and high market cap for three months straight.
- Even after he hits those insane milestones—like the $125 or $250 stock price hurdles—he still doesn't get the cash. The plan includes a three-year vesting period. That means he has to keep the company healthy and the value high for years to keep his net worth high from the awarded stock. Most probably this tells me that he ain't fucking selling even after 3 years. Frankly I would be happy with 1 year even. A grifter would have a 1 week vesting period and dump everything lol.
- Even the easiest target the 5% of Eth ("easy" because they've done amazing job to make BMNR one of the most traded stocks in the US stock market, not easy in any other sense) . Let's say he will do that 100%. He will get the shares. Imagine if he does and the company / ETH goes nowhere for 3 years, the tanked shares ain't going to be worth the reputational damage to himself and his other products (fundstrat the ETFs)
Seriously, the guy is not a grifter. The data shows he is the one with the most hard core fucking conviction here, 10X the conviction of the average investor in this subreddit. I wouldn't be suprised if he has a BMNR tatoo and an ETH tattoo on each buttock.
Much respect for Tom.
Disclaimers: I promise I am not a bot. This post is not AI. I am not a Tom Lee fanboy. I am -44% in my BMNR investment and I am obviously not happy, but I trust that the guy is not a grifter because of what I've explained here. I have a LOT of experience with financial grifters, both because of being in the stock market for a long time, as well as my career in finance, which I don't want to expand on. This is NOT how grifters think when it comes to their compensation.
Please let me know if I understood something wrong.
Data from - https://www.sec.gov/Archives/edgar/data/1829311/000149315225026868/formdef14a.htm
Appendix - how he earns rewards:
The company will look at the average numbers over a 90-day period. He gets extra shares of the company if he hits these milestones:
- Higher Stock Price: He gets 500,000 shares if the stock price hits $125. He gets another 1,000,000 shares if it reaches $250.
- Total Company Value: He gets 500,000 shares if the whole company becomes worth $25 billion. He gets another 1,000,000 shares if it reaches $50 billion.
- Market Share: He gets 500,000 shares if the company controls 4% of the "ETH" market, and another 1,000,000 shares if that grows to 5%.