So, some options being granted. Curious to when she granted those options, the sp today didn,t get to .30?
This may be a better way for employees of the company.
Stock appreciation right
A stock appreciation right entitles a participant to receive consideration (in cash or securities) equal to the appreciation in
value of the listed issuer’s securities over a certain period of time, without having to purchase the underlying securities.
A stock appreciation right may be granted in tandem with a grant of a corresponding number of options.
For example, if a participant is granted options to purchase 100 shares at $10 and a tandem stock appreciation right,
the participant may chose to exercise such option when the securities are trading at $15 and receive 33 shares [(100* $15) -
(100*$10)/$15] or to exercise the tandem stock appreciation right and receive a cash payment of $500 [($10 - $5) * 100].