Replies to post #7253 on First American Scientific Corp. (fka FASC)

[TRCPA]

TD.......they can also exercise options (buy the shares) which carry a one year restriction....or those unrestricted that they exercise with the thought that the price would go up later.....and have the price actually go down when they sell at a later date.....thereby taking a capital loss.

Or if unrestricted, they could exercise AND sell the shares at the same time to lock in profits, as you indicate.

[Jagman]

the daemon: I'll try to keep this really simple for you. You owe me a $1000, but don't have the cash, so you give me $1000 worth of FASC stock, I sell the stock immediately to get my $1000. Keep that in mind. Now FASC owes Cal $1000 in back pay, Cal says give me $1000 of FASC stock instead via options which he sells immediately to get his $1000. Now don't worry about the options being restricted, he has old, unrestricted options that he will sell to get the $1000. It's about getting the $1000, not what price the options were when exercised.