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justlovethegame

07/18/12 6:51 PM

#36922 RE: learning curve #36919

Bonuses were paid after the end of the fiscal year 2011. Therefore 2011 were paid and now partially returned. 2012 were being accrued and due to be paid after the end of fiscal 2012. These were and I use the word loosely earned and not issued and now disappear.

Turok, my assumption was more than because thu did more rev from jan to may 2012.....so they should be returning a minimum of $90k cash?

Would be nice to know where shares are, came from, went? But again to say the least still a healthy situation....worst case it increases the share pool for other new execs....this had always scared me a little with the huge a/s and the need to go there to pay future talent.

Optomistically it reduce the o/s by 200 million....

They do file on a fiscal year of jan1... And it was just this agreement that was hashed out?
Also do you know if when they entered into the old agreement they clawedback more shares?