Ike only gets his option share money when PPS hits strike price.
Option strike price on his shares is $1 PPS they expire december 31st 2012.
I think this is where everyone gets the $1.00 target figure from??
Quoting financial statement:
"The Company has awarded Isaac H. Sutton, the Company's CEO as part of his Employment Agreement 5,000,000 Shares of Common Stock at an option price of $1.00. The options are fully vested and expire December 31, 2012. "