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Tuesday, June 08, 2010 8:07:02 PM
A few things to share, but literally have to run out of the office here for a meeting I'm late for, so I'll make it brief for now...
150,000,000 of the new shares are for employee options. Meaning restricted shares for new employees.
Franks own current restricted shares are released at a rate of 20% a year over 5 years. Those shares are already accounted for in the O/S. His first option for his own shares kicks in at the end of this year, but he won't get that 20% unless he achieves his main objectives for the year.
One of those objectives is uplisting.
More later... have to run.
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