The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Skeeter Bug who wrote (13671)	9/16/2003 12:53:10 PM
From: bentway	Read Replies (3) of 306849

My own personal experience with options - 1. Told I would be a millionaire. 2. Told my options would pay for my 80 hour weeks (and more!) 3. Company does a reverse split before going public, halving my shares, lays me off to cut overhead - has software to sell, doesn't need developers. 4. Saw the value of the company on going public didn't make me a millionaire - but WOULD have been a nice payday, except that I couldn't sell, since I was an "insider" 5. By the time I could sell, the price was a fraction of what it had been on going public - so I held. 6. Company delisted, contemplates a 9 for 1 reverse split AGAIN to attempt to get re-listed, also contemplates going "private" 7. Use certificates for asswipe. So, stock options aren't necessarily wonderful!

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