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Re: luvn socal post# 8757

Saturday, 12/12/2009 12:48:54 PM

Saturday, December 12, 2009 12:48:54 PM

Post# of 35151
what about the 1/3 of shares given to execs that can be sold immediately

From 8-K
''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.''

can that be part of the selling going on ??


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