Now you see why I am upset at this new option plan. We have to approve it before we know about a deal. What happens if there is no deal or maybe the deal is for $1 per share. After they issue new options at .30 they atleast make some money on the new options. We have to make a decision on this new options plan before we have all the info. That is what ticks me off the most. I am all for management making alot of money but if they make money not because of their skill but simply because of a low stock price is what I am against.

I believe the way options work is for the company to first set up a plan and then the price is based on the current day price or average price over a time frame. Options can also be set higher than the current price.

While you could be correct on getting only a $1 I doubt it very much. At a dollar they would only be making .70 over strike price. I think there are more than a few people here who would take a buck and move on but I'm not one of them.

The thing we have to remember is that having options are only useful is the share price rises a substantial amount. None of the management are in this for a couple hundred thousand dollars. They each want to make 7 figure numbers not thousands.

I also don't know if they can set a price on the options till a plan is in place. Once they approve the plan then they will follow the formula. I'm not crazy about more options but if it is the final nail to sealing an agreement I'm all for it. Either way I believe we are very close to the end. Unfortunately if I had a $1 for every time I thought we were close I would already be wealthy.