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Gold/Mining/Energy : JAB International (JABI) -- Ignore unavailable to you. Want to Upgrade?

To: Oscar who wrote (1498)11/24/1997 10:58:00 AM
From: Brian Gross  Respond to of 4571
 
Why the drop off ???????????



To: Oscar who wrote (1498)11/24/1997 11:03:00 AM
From: dental-eye  Read Replies (1) | Respond to of 4571
 
Oscar, it is my understanding that the stock option is fully (100%) exercisable in four years (2001), i.e. 25% per year. Sterling can only exercise the first 25% a year later, and so on.

I know that this is a common rule for stock options offered by companies. I hope it's the case for BCMD.

D.



To: Oscar who wrote (1498)11/24/1997 11:27:00 AM
From: DDS-OMS  Read Replies (1) | Respond to of 4571
 
Oscar,

No options can be exercised for 1 year. After that, can exercise a percentage equal to the percentage of the $9MM paid in at that time. So, if after 1 year,if Sterling has paid in $3MM, they can exercise 2MM warrants, etc.



To: Oscar who wrote (1498)11/24/1997 11:41:00 AM
From: James Griffiths  Read Replies (1) | Respond to of 4571
 
Oscar,

1 year before they can cash in on warrants.

James


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