on top of the 2 million options at .29, 1.5 million vested and in the money currently.
She has plenty of skin in the game considering her salary is only $96,000
The options were specifically to compensate for accepting a reduced salary.
Where do you get your figures? All I see is a statement of ownership of 23k shares.
Admittedly I am not used to looking for this type of information but in a high risk play like jsda it seems pertinent.
mirv909 • Dec 14, 2013 1:42 PM Flag
I'm out of this board there is no value here or potential for intelligent conversations.
the reduced salary is to conserve cash ...she only has 10k of her own money in the game ...
"she only has 10k of her own money in the game ..."
False. I am looking at over 98,000 shares purchased with her own money at 30 cents - that is roughly $30k alone right there. So your 10k of her own money statement is false.
Further, the 1.5 million vested options is worth $270,000 today. That $270,000 is her own money in the game, and at risk subject to whether the company succeeds or fails.
End of topic.
"The first stock option will be for 1,000,000 shares and will be fully vested upon grant, in recognition of your willingness to take a reduced cash salary compared to prior CEOs."