InvestorsHub Logo
icon url

jacobboaz

04/02/07 9:51 AM

#8947 RE: cmaman2029 #8946

We haven't seen the expense for the 25M S8 shares registered last October yet. Then we will have the expense for the 30M S8 shares registered in January. I believe they are required to expense the shares when issued. Based on the 10M shares registered in early 2006; some were expensed 1st Qtr-06 and the rest 3rd Qtr-06.
icon url

coopdog

04/02/07 7:24 PM

#8950 RE: cmaman2029 #8946

I believe the s-8 shares are expensed at the market value the day they are issued so I don't believe you could amortize those no matter what they are related to actually. But, the 30 mil that were registered on 1/31/07 looked like they were issued all in the month of February but the pps dipped pretty good after the s-8 so by the time they issued those shares the actual expense if I had to guess would be about 30 mil times .06 or .07 on average, so around 2 mil. The 25 mil s-8 registered in October is a little harder to guess at when they actually issued them so we will see soon once the 10k hits.