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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling
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To: ayn rand who wrote (6024)11/14/2001 11:02:03 PM
From: Jim@Inland  Read Replies (4) of 6873
 
WEBX news:

Firstly NO sec filings to sell shares today. That's news worthy.

Secondly, they filed their 10Q today. Here's what I feel is the important part:

<<<<<<As of September 30, 2001 we had approximately $7.3 million in deferred equity-based compensation. This expense will generally be amortized over a three year
period and will result in a decrease in earnings. Cumulative amounts of deferred equity-based compensation expensed through September 30, 2001 and through
September 30, 2000 were $41.1million and $23.0 million, respectively. We expect the amount of equity-based compensation expense to decrease over time as a
result of the vesting of options granted prior to our initial public offering. However, the amount of future equity-based compensation expense related to the unvested
portion of option grants to non- employees will fluctuate with the stock price and accordingly the amount of future equity-based compensation expense is difficult to
predict. In 1999 and 2000, we granted stock options at exercise prices significantly lower than the anticipated offering price, which has contributed to our
equity-based compensation expenses. >>>>>>

How is it possible to incur "equity based compensation", and then write it off over 3 years??????? isn't that like amortizing your current expenses over three years?????

Any one who can comment on these questions would be much appreciated.

tia

Jim
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