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revlis

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revlis

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Re: Learning2vest post# 22308

Thursday, 05/01/2003 10:03:09 PM

Thursday, May 01, 2003 10:03:09 PM

Post# of 433123
l2v,


I don't think your scenario is in the cards because why would management propose to grant 5 million additional options. Management would not do it. The 5 million additional options would not have any meaningful value as administered in the proxy statement. You would need a future exercised price set by the fair market value on the grant date. What would that be? Book value?


Jerry
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