Stock Option Grant: 02/14/13 David Ashley Lee 37,530 shares with $0 cost
Sale: 02/21/13 David Ashley Lee 5,891 shares with proceeds = $36,052.
Stock Option Grant: 02/14/13 David Fronk 26,271 shares with $0 cost
Sale: 02/21/13 David Fronk 4,736 shares with proceeds = $28,984.
Stock Option Grant: 02/14/13 Steve Anderson 93,824 shares with $0 cost
Sale: 02/21/13 Steve Anderson 13,895 shares with proceeds = $85,037
Summary: On 02/14/13, 272,729 free shares were given to officers as “additional compensation”. For CRY stock appreciating so much for shareholders… So far 34,779 of these free shares have been sold into the marketplace for an amount of $212,847. In addition we should expect about 90,000 shares to be issued to Directors. Hence in total the number of free shares issues would be expected to be around 363,000 (rounding). At $6.10 per share times 363,000 we get $2,214,300 . Assuming a stock buyback over the course of the year of say $1.5 million, the net outstanding share number would be expected to result in dilution of approximately 125,000. Anybody remember when SA was ranting about dilution at a different company.
IMO, based upon poor stock performance, SA should not have received even 1 share as an option grant.
The above is just my opinion. When crunching numbers it is always possible to make a mistake. So crunch your own numbers and draw your own conclusions. So Amigo, do your own due diligence.