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Vercingetorix

07/14/09 4:55 PM

#179250 RE: the_dragon #179249

He was directly quoting Gomo verbatim..
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streetstylz

07/14/09 4:57 PM

#179251 RE: the_dragon #179249

the_dragon, just quoting from Bena


http://www.sec.gov/Archives/edgar/data/1022701/000114420409036738/xslF345X03/v154489_ex.xml

"All unvested non-qualified stock options which had been previously issued and previously not reportable, now vest and become exercisable upon the occurrence of a qualifying Change in Control event, as a result of certain resolutions passed by the Issuer's Board of Directors (and Stock Option Committee) on April 29, 2009."

"Pursuant to the schedule on Exhibit 99.1 attached hereto, this stock option grant vests over twelve (12) months beginning May 29, 2009"


http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=6331862

"On April 29, 2009 the Stock Option Committee of the Board of Directors approved a resolution granting 6,649,560 stock options to 15 of our employees and directors to partially compensate them for reductions in salaries and fees related to our cost control measures. The exercise price of these options was $0.02 per share. In addition, the resolution included a change in control provision, under which all options held by these employees and directors would vest upon such change in control of the company"


IMO, something's about to go down.


Best,
Sean