Expeditebiz- I don`t understand how options work very well at all, but I do see this (in quotes below.)
Price of stock option on 6/05/2006 was issued at .0165 but, the actual price on 06/05/2006 per yahoo histoical data close was 1.14 , is this the problem you are refering to? Other board members - this info was cut and pasted from the links Expeditebiz posted. Very difficult to understand for me, however the shares Falk, Felcyn and others received at .70, were what the stock sold for on that day. Please explain further Expeditebiz.
From Pohl`s Form 4:
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
((``````````Stock Option (right to buy) $0.165 06/05/2006 A 1,500,000 06/05/2006``````````)) ( 1 ) Common $.00001 par value 1,500,000 $0 1,500,000 D
From Yahoo historical price data: 6/5/06 closing price
5-Jun-06 1.49 1.51 1.10 {{1.14}} 18,618,800 1.14