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Non-Tech : Earthshell Corp. (ERTH)
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To: DUKE who wrote (103)10/22/1998 1:40:00 PM
From: Paul Berliner  Read Replies (1) of 409
 
Rock this geniuses:
On 9/28, Earthshell filed a common stock registration statement with the SEC in which ERTH employees are granted options with an exercise price of .....get this......sit down...buckel your seat belt....... $2.67!
Why $2.67 was chosen, I don't know but it doesn't look good for the stock in the coming months.
Oh, by the way, the total shares granted are 900,000.
ERTH employees will obviously exercise as many as possible right away so as to look in the tasty 150%+ return. The filing makes no mention
of a vesting period.
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