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Re: Halcyoniii62 post# 33300

Tuesday, 04/21/2009 4:43:56 PM

Tuesday, April 21, 2009 4:43:56 PM

Post# of 86719
If you're looking at the form 4 filings, those options (and a few warrants) seem to mostly have gone to board members and employees. It looked to me like the employee options didn't begin to vest for 12 months. Even for those vesting immediately, there's no logical reason to exercise an option at 16 cents, then sell if for less, so I don't see it having any effect on the current price.
Perhaps if the price gets well above 16 cents those that can, will exercise their options or warrants and sell, but we should see additional form 4s filed shortly thereafter.

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