I wanted to apologize for bailing on our research project yesterday.
I was hoping maybe next week, after the CC, we could revisit the total shares outstanding thing again, including 3Q's numbers released Friday, and put together a Table listing all the options out there -- those weird performance ones Star found and the 'regular' ones and any other kinds that may exist -- and under which conditions each category of options begin to be counted as shares.
When it comes to research tasks, I'm usually a better team player than I was yesterday, but I've got a pretty bad case of election fever. Again, sorry about that.
I definitely agree with you that figuring out the outstanding share question is something investors will want to know: How much of the benefit from RePurchasing treasury shares will be offset by new shares being added?
That block of weird performance options Star turned us on to themselves represent about 3.5 million ADR's, or about half the total amount of Shares Repurchased the $20 million program was looking to buy.