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Post by solange on Sept 26, 2016 18:57:35 GMT -5
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Deleted Member
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Post by Deleted on Sept 26, 2016 19:00:05 GMT -5
I looked at it. Stick incentive plan at a price of $.81. Can you explain what's behind it? |
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Post by mnholdem on Sept 26, 2016 19:25:53 GMT -5
Do your own due diligence, indeed. BTW, thank you for providing the link so that readers can quickly get to the SEC filing, where they will notice the footnote (2) behind the "Maximum Offering Price per Share". The footnote simply reads: (2) Estimated solely for the purpose of calculating the amount of the registration fee pursuant to Rule 457(c) and Rule 457(h)(1) under the Securities Act. The price per share and aggregate offering price are based upon the average of the high and low prices of Registrant’s Common Stock on August 26, 2016, as reported on The NASDAQ Global Market.--- Big deal? No, it's not.    |
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Post by mnkdfann on Sept 26, 2016 19:31:53 GMT -5
The price per share and aggregate offering price are based upon the average of the high and low prices of Registrant’s Common Stock on August 26, 2016, as reported on The NASDAQ Global Market. $0.81 as the average of the high and low prices of Registrant’s Common Stock on August 26, 2016. Them were the days. Sigh. |
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Post by solange on Sept 26, 2016 19:33:14 GMT -5
Hey, this means that there is 15 million shares that can be issued to management....and that management can sell $0.81 is the Maximum exercise price if they want to make a profit.....so I believe it won't help the Share Price....
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Post by mnholdem on Sept 26, 2016 19:37:42 GMT -5
FYI - The term "exercise" is the price the employee pays if they exercise their stock award. For example, if an employees receives awards, restricted shares or an "Option to Buy", they would exercise at a price of $0 (award), a predetermined strike price (restricted shares) or a max of $0.81 (Option to Buy Shares). The column you are referring to is NOT the maximum price they for which they can sell their shares years down the road.
Go to the SEC site glossary and/or search forms codes if you are in doubt.
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Post by goyocafe on Sept 26, 2016 19:46:53 GMT -5
FYI - The term "exercise" is the price the employee pays if they exercise their stock award. For example, if an employees receives awards, restricted shares or an "Option to Buy", they would exercise their options at a price from $0 (award) or a strike price to a max of $0.81 (Option to Buy). The column you are referring to is NOT the maximum price they for which they can sell their shares years down the road. Go to the SEC site glossary and/or search forms codes if you are in doubt. Agreed. If they could exercise them today, they'd be way better off buying on the open market at .57, i.e. they're worthless unless the SP exceeds $0.81 when they exercise. |
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Post by solange on Sept 26, 2016 19:54:09 GMT -5
The Maximum exercise price is $0.81 so it can be lower! Much Lower! Nice incentive....so they can make a profit once the SP is at a bottom that we did not find yet!
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Post by mnholdem on Sept 26, 2016 20:05:35 GMT -5
(Sigh) Please read the footnote.
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Post by chuck on Sept 27, 2016 8:03:08 GMT -5
The Maximum exercise price is $0.81 so it can be lower! Much Lower! Nice incentive....so they can make a profit once the SP is at a bottom that we did not find yet! dude you're totally lost. |
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Post by roseylv on Sept 27, 2016 12:08:23 GMT -5
The Maximum exercise price is $0.81 so it can be lower! Much Lower! Nice incentive....so they can make a profit once the SP is at a bottom that we did not find yet! Call a CFO of a publicly traded company and get back with us. Read the footnote like holdem said. #nosoupforyou However, we thank you for being concerned about our investment. Are you a shareholder or just stirring the pot? |
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Post by me on Sept 27, 2016 12:34:16 GMT -5
The Maximum exercise price is $0.81 so it can be lower! Much Lower! Nice incentive....so they can make a profit once the SP is at a bottom that we did not find yet! Call a CFO of a publicly traded company and get back with us. Read the footnote like holdem said. #nosoupforyou However, we thank you for being concerned about our investment. Are you a shareholder or just stirring the pot? Who is this solange you refer to?! |
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Post by matt on Sept 27, 2016 15:03:24 GMT -5
This is a registration statement, not a share grant. The company is free to make grants at 81 cents, or 70 cents or 20 cents or $2.00 or $5.00. However, when you register shares you have to pay the SEC a filing fee in order for them to review the document, so the practice is to use the actual price within a day or two of the filing for the sole purpose of calculating the fee, which in this case cost about $1,223 to register these 15 million shares. It doesn't mean the employees have been given grants for that amount, just that when grants are made for up to 15 million shares they are automatically registered for resale.
It works just the same as an S-3 registration, which is also called a shelf registration. It allows the company to sell new shares in registered form because potential purchasers don't want to wait until the shares are registered (otherwise the price will be lower) but it doesn't mean the company will sell those shares. Nearly every company that qualifies has a shelf registration, and most of them are never used. The main difference between an S-3 and an S-8 is that the S-3 is for shares issued during sales to the public market of new shares and an S-8 is for new shares issued pursuant to employee and director compensation plans.
Move along folks, nothing to see here.
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Post by od on Sept 27, 2016 15:32:19 GMT -5
Agree with Matt. Time to lock the thread?
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