You are right ~ Mis-read my post. Just meant that most options only have value above the excercise price.
Our lucky CEO and Director Joe get paid whether the stock goes up or down ~
Breakdown:
Matthew Schissler : 121,464,500 Options @ .0114
Todays Closing Price: .019 ~
.019 - .0114 = .0076
.0076 x 121,464,500 = $923,130 Gain if excercised and sold right away.
And of course another 121,464,500 that vest for 2010
Sounds like the Amercian Dream to me... COmpany has decreasing revenues and is losing millions and you get compensated for your services...
Where do i sign up?
Nice ~