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TechKim

08/22/07 10:04 AM

#1730 RE: eckwell #1729

Good question! Being that they are restricted. They are under certain SEC rules concerning purchase and resale.

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TechKim

08/22/07 10:53 AM

#1734 RE: eckwell #1729

It should be on the financial books next time around though as possibly classified as Stock Based Compensation.
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trade2much

08/22/07 11:06 AM

#1735 RE: eckwell #1729

eckwell: The 8M likely was part of the authorized but not issued previously. If restricted as stated, it is not tradeable now hence imo not part of the tradeable float. It does however imo reduce debt, since money had been due to Scott and he took stock instead.


8million shares in exchange for $$$$$$ owed Scott is a good sign of faith imo

I like having shares fall into his hands whenever possible as it indicates eventually they are tightly held when they come off restriction in 12 months+ jmho

$60k is no small chunk of change imo