SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Rock Resources
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Zardoz who wrote (1528)1/8/2000 10:25:00 AM
From: 24karat  Read Replies (1) of 1996
 
I don't think they can use the lowest closing price for the last 10 days. I read it as the average of the closing price of the last 10 days. Which is $0.35

MINIMUM EXERCISE PRICE
23.2.9 The minimum exercise price of an incentive stock option, whether
granted for the purchase of Venture or Advanced Company securities shall be
determined by the Market Price for those shares for the ten trading days immediately preceding the
date the news release announcing the stock option grant was disseminated or where no news
release was disseminated, the ten trading days immediately preceding the date the stock options
were granted.If the company does not issue a news release, the price will be guaranteed if the
Summary Form (Appendix 23C) is filed within 2 days from the date the stock options were
granted. The average must not include a closing price that occurs earlier than the trading day
following the day on which a material change was announced. No discounts are permitted for stock
option grants. *Last amended March 1999
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News