Replies to post #8508 on First American Scientific Corp. (fka FASC)

[TRCPA]

Well, you are partially correct anyway. They were (granted) given the options to buy those previously noted shares at the price of .05 and .06.....with the restriction requirement of needing to hold those shares for at least a year.

And they took the opportunity to buy FASC shares at the prices of .05 and .06.

Then you said the following.

"No matter what those transactions are sprayed with it's not good for the people who bought them."

You may turn out to be right, time will tell, as the CEO and CFO bought shares late last year at double or more of the current pps.

My hunch, however, is that they bought them with the expectation of the shares appreciating in value when the restrictions are removed.

Investors usually take this as a positive sign, in terms of the future (one year later) pps.

[Jagman]

Setonian: I would bet they get them based on the prevailing pps too so if they are owed $1000, they get enough options at "5 cents" to sell at 3 cents to get the $1000. Heck, they can get more options until hell freezes over, the shareholders don't vote for them, the BOD gives them away like Halloween candy, IMO.