Speaking of Options
posted on
Feb 08, 2009 05:53AM
it looks like Blakeley will do OK, from the last 10K:
Exercisable Options
1,500,000 shares @ $0.09 Expiration Date 11/14/10
250,000 shares @ $0.145 Expiration Date 03/30/10
Mr. Blakeley's stock options provide that if he is teminated after a change in control then he shall have six months post termination to exrcise the options rather than one month, subject to certain extensions for regulatory restriction on resale.