I think you read that wrong Noble.
50% vest on grant date means 150,000 options are vested as of 2 days ago.
50% vest on first anniversary means 150,000 options will vest 10/14/21.
Exercise price is $0.1045 for all 300,000.
So Vengas has 150,000 options that he can exercise at $.1045 each right now. With the $75,000 cash bonus he paid to himself, he can buy all of it outright for $15,675 and still have almost $60,000. He probably already did so. If the stock gets to 21 cents, he'd double the value to $31,500.
He can buy another 150,000 shares a year from now at $.1045 each. So stock price to 15 cents hes still at 50% profit.
This is guy who until 3 weeks ago was still selling 10k shares every week at $.10 for a grand total of $1,000.
Noble I disagree that this is a good alignment of interests. If hes so short sighted and broke ass to sell shares in front of everyone to make an extra $1,000 per week then hell sell these shares at 12 or 13 or 14 cents.
