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jessme

10/16/09 6:35 PM

#43022 RE: cjgaddy #43020

It seems to me the new option plan shouldn't be effected by the RS as it would be voted in after the event.
As the stock split takes place prior to the ASM, the split shouldn't effect the 15 million for options as they wouldn't be in existance or take effect until voted in.
The option package hasn't even been voted in on the RS effective date.

they have been waiting on their options since last year

Why wait? They have millions of them they haven't exercised. Some as low as 34 cents.
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geocappy1

10/16/09 6:59 PM

#43028 RE: cjgaddy #43020

Moby

You are wrong on 3 out of 3.

Poison pill $55

Compensation plan options 3,000,000

AS 325 Million

How about that wager smart guy.
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MobyInvestor

10/16/09 8:04 PM

#43035 RE: cjgaddy #43020

CG,

The shares don't exist until the proposal is voted on and passes.

It's not really a big deal though. If the plan last year had passed and the 15MM in that plan was reduced to 3MM because of this R/S it's safe to assume they would have put a new plan up for vote anyway to get back to the 15MM.

Regards,

moby
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BCS Paladin

10/16/09 8:15 PM

#43037 RE: cjgaddy #43020

Finally someone understands.

Thanks