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EXCO Resources Inc. Message Board

  • quantuon quantuon May 11, 2012 5:17 PM Flag

    Shares Outstanding....

    doing a little homework on their 10k and came across some interesting info. There are ~15mn options outstanding in employees (read execs) pockets with an avg life of 6 yrs and strike around 13. Also, tired of the option game, they voted in Nov to award themselves > 2.5 mn shares of restricted stock which convert to common at 2.1 times (Its good to be the king!) which vests 60% in 3yrs....Miller got himself a nice tidy sum for 2011.....so in 2016 or so when this company is finally worth something (hopefully), there will be 250 mn shares (not 215) to divvy it up.....stick that in your spreadsheet and smoke it

 
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