dsertrat, I agree with linchuck, dilution is the key word.
No matter what label they put on it, eventually, more shares will be added to the OS.
You have to read the S-8 filing to see if they plan to dump right away, but even if they don't, the psychological effect of the filing usually means a drop in the PPS.
Plus, there are a lot of factors to take into consideration.
Sometimes a startup company may have a very sound business plan and a bright future, but until revenue starts coming in, they have to survive.....ergo, S-8 and dilution.
For a short play......it's almost always bad news.
"Aim low Sheriff...They're ride'n snakes"
as usual...JMHO..SMD