SI
SI
discoversearch

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.
Microcap & Penny Stocks : CCEE Breaking Out -- Ignore unavailable to you. Want to Upgrade?


To: Parker Benchley who wrote (9336)2/28/1998 5:34:00 PM
From: Steven R. Bergman  Respond to of 12454
 
George,

You said, "Unlike the adjustable mortgage that is generally tied to unbiased market indicator e.g the treasury bill, the CCEE options appear to be tied to the questionable fiduciary whims of nepotism translating down to finger bending of the board. Is it possible to reprice options to $0.00000000001?"

You know, I believe you have wittingly put your finger (still metaphorically, of course) on CCEE's true stock/option pricing mechanism, viz., the direct relationship between the repricing of top mgt. stock options and and the resulting diminished value per share.

Since CCEE's stock price follows option reprice, and since management obviously doesn't know how to extricate itself from this dilemma and is unwilling to extricate itself from the company, perhaps they can be convinced to raise the strike price of their options. Since they are supposedly making wonderful things happen, surely the price will rise when the promised events occur. In the meantime, this would be the first act management will have effected in a very long time Not to further cheapen the price of the stock. But if they do decide to raise the price of their options, they probably shouldn't issue a press release to that effect. No one would believe it.

Steve