Mr. Laky, Ms. Cheryl Kaine Sadowski, Treasurer and Chief Financial Officer of the Company, and Mr. John Accardi, Senior Vice President of Sales/Business Development of the Company, in return for increased employment duties and continuing salary reductions, were each granted options to purchase 26,961,178 shares of Common Stock of the Company. Such options will vest 1/3 immediately, 1/3 after 12 months and 1/3 after 24 months. The exercise price of such options will be the five day average of the closing price of the Common Stock on November 12, 2009
im not really sure how this works , but do they HAVE to buy all the shares?? if so with the average of 0.0078 , if the company releases PR's to move this let's say to 0.024 , and knowing they can sell 1/3 of them , we are talking 215k $ , but they have to spend 210 297$ to buy them all..that to me is money on the bank right away and ride on freebies