ehud, "That's not the way it works. The shares exercised this year were supplied by shares purchased years ago at the time of the grant and at the same price as the grant. The shares purchased this year are backing the shares granted this year at today's price, not the shares exercised this year."
That's the way how your imagination and wishful thinking
work. To begin with, shares purchased years ago and purchased
today have the same value, today, their market value.
Then, what do you mean "supplied"? What do you mean "backing"?
Don't you pay attention to the line in quarterly reports
which says "Repurchase and retirement of common stock" ?
Which part of "retirement" is unclear for you?
Recently my wife did some cleanup and found few crusty
$20 bills we put into a drawer 10 years ago,
because they were fresh-printed and looking good with
sequential numbers. Guess what, I got today few other $20
bills from bank's ATM, and they look just the same, and
buys today the same amount of gasoline, about 9 gallons.
Following your logic, should I demand around 20 gallons
of gas at a corner gas station for my older bills?
Sad thing, I mixed them up and forgot which bill is which...
What should I do, Elmer? Please advise :-)
- Ali |
