Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: cfimx who wrote (19002)	3/30/2004 9:07:34 PM
From: Spekulatius	Read Replies (1) \| Respond to of 78750

room, it's not that fact that management grants itself stock options and restricted shares it is a matter of how much. GLBC has about 23m shares outstanding, so 2.2M options is not peanuts. And since they are underwater they have issued 1.3M restricted stock, which is basically an option with 0$ strike price. Typically a company should limit dilution to less than 2%, especially if it is loosing money... On December 9, 2003, the company issued employee stock options of approximately 2.2 million shares. On March 8, 2004, the company issued additional awards of approximately 1.2 million shares of restricted stock units.