Replies to post #6603 on Calypte Biomedical Corp (fka CBMC)

[jellyroll]

this looks like activity before a price move up. They are exercising options, they want more stock. Am I wrong?

[bloodhound99]

Cato,

Those are "Options to purchase" shares at $ .065 not actually owned shares. If the price goes up to $ .13 they could purchase at $ .065 and sell at $ .13 and double their money.

If the price drops to a $ .03, it costs them nothing as they will just not convert the options to shares. (Thats what happened when they got the options at $ .32 which was the selling price back then.)

Its just a no-risk way to reward insiders when the pump comes and price should rise with no downside if the price falls.

Now if they had actually bought at $ .32 their investment would be down 80% since then.

Believe me you will see VERY LITTLE of the officers here actually writing a check and spending their own money to buy Calypte stock at current market prices.

The $ 25,000 purchase of 300,000 shares plus at $ .08 ON 4-1-2008 by Roger Gale may be an exception to the above statement. (Lets just hope he didn't "bonus" himself an extra $ 25,000 from Calypte to make the purchase.)