<<Curtis, options cost the recipient nothing when they are granted to him. The recipient pays the exercise price only when he exercises the options. In most cases, particularly this one, the recipients (the directors of KRY) have exercised and immediately sold the underlying stock in the market at a profit. If they were not assured of a profit, I doubt they would have exercised. For them, it was a no-lose situation.>>
Gutman,
I agree, but a few questions.
(1) Why would anyone buy an out of the money option when the option price was already preset and they could exercise it at any time? Unless... see next 2 questions:
(2) How many more options do MO and the other officers and directors have remaining?
(3) What are the actual salaries of the officers and directors paid by the Company? I think you will agree they have had alot of employment duties the past few months or so. They are entitled to get a salary.
For what it's worth, many small or startup companies pay their officers and/or directors with stock options rather than cash. It's a smart way to preserve capital. And that's fact!! I'd be more concerned if they were being payed big salaries. Anyone know?
Yes... I am long KRY, but I accept it as a role of the dice based upon the SC decision. There are too many hypothetical opinions as to what's on the table and what the outcome will be. If Kry wins or loses is something we'll just have to wait to find out. It's out of our hands.
I would like to know the true names of Viper and Valentine. They love posting bright and early on market days. Why are they hiding behind psuedonyms? Could they possibly be in the employ of a MM or broker or whoever? But, there are ways to find out.
Best always,
Marty |
