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Re: Gsdubb post# 10884

Wednesday, 08/13/2014 5:10:03 PM

Wednesday, August 13, 2014 5:10:03 PM

Post# of 106841
Ok, that's fine as opinion, no sweat- "maybe" $1 in the future. But that's not what that column in that Form 4 is for, or is supposed to indicate, as far as I know? Again, it's even tagged with a note and then tied to the statement below for "bonus", which would jive with the latest 10-Q about "bonuses".

It just looks like something went screwy in the filing IMO. Also, Comella's amount doesn't even match the 10-Q filing amount, it was supposed to be $300K bonus and 5 million shares. I don't understand where a $ sign would be inserted in that column for the value of what is tagged as "bonus" being $5 million for her?

I think something went amiss on the filing, a typo or something in the wrong column- I could be totally wrong as I don't totally understand all those columns and then how the notes are added below and all- it takes a securities attorney for the most part to file and fill the thing out I'm sure.

But I just don't see the $1 a share connection at this point? Could it be a future value? Sure, who knows? But I'm not aware of any scenario where they grant an option with a price of .026 pennies and then set some "forced" future price or something, way out at $1 dollar or whatever?

Also, the 10-Q said they "may" take the bonus in the form of a "promissory note" and I'm wondering if that's not what this is related to? That they had to do some sort of "set aside" as they aren't taking the bonuses in cash maybe and that column and note below is somehow supposed to be accounting for that maybe?

Really don't know- but I wouldn't tie it to any financing or any predictive power of a future $1 share price at this point? I'm not aware of anything in the Form 4 instructions that indicate that's what it's for- and I just read the filing instructions from the SEC with that form. One can look it up easy enough- but it's confusing to read, again, unless someone files this SEC stuff all the time.