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pegasus1

10/31/11 4:11 PM

#31913 RE: wings91 #31912

The stock comp number is probably correct. If you read through the disclosures, it appears the company issued many millions of shares when warrants previously issued were exercised. The exercise would trigger the recognition of compensation expense for the difference between the strike price and the market price on date of exercise. Didn't do the math but I wouldn't doubt the expense was astronomical.