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rwk

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rwk

Re: rachelelise post# 9038

Friday, 09/05/2003 11:46:48 AM

Friday, September 05, 2003 11:46:48 AM

Post# of 249131
Employee Options

A short while ago, a number of employees replenished the coffers of Wave's treasury by electing to exercise their options early. This was to the benefit of all stakeholders in the firm including shareholders and employees.

I estimated the value of the lost time value of those options at about $1,000,000 to the employees. Given this estimation, I would entirely expect and support minting some new options for those employees.



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