J.B. Oxford Message Board

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Non-Tech : J.B. Oxford

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To: Sir Auric Goldfinger who wrote (1986)	4/30/1999 1:05:00 AM
From: WebDrone	of 2220

Auric- they are granting options on 1.5 million JBOH shares. I'm pleased the conversion price is $1.31. Being short, it tells me these guys are short-term. If it was $7.50, that would give management an incentive to fly the company right. Jarratt gets 800,000 shares. $10.4Million Lewis gets 750,000 shares. $9.75Million That's 1.55 Million shares, eventually. The Float is 6.9 Million, out of 14.7 Million Outstanding. I assume these shares come out of the Shares Outstanding, right? They wouldn't just create 1.5Million shares out of thin air. ( Shareholders would have to vote to increase number of shares before that could happen.) I'm a techno, not an accountant. Somebody help me out here. Anyway, those 1.55 million shares are 22% of the float! Comments? Web

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