The 2012 LTIP provides for the grant of a total of 18,000,000 shares of our common stock, as (i) decreased for grants made under the Prior Plans between December 31, 2011, and the approval of the 2012 LTIP and (ii) increased by the number of shares subject to any stock awards under the Prior Plans that, between December 31, 2011, and the approval of the 2012 LTIP, are forfeited, expire or settled for cash and as otherwise provided in the 2012 LTIP. When approved by our stockholders, there were 15,384,713 shares of common stock available for issuance under the 2012 LTIP. As of June 30, 2012, there were 15,078,299 shares of common stock available for issuance under the 2012 LTIP.
Jack Lief, management, and employees have "in-the-money" options on almost 16 million shares! They long and strong and clearly have their interests aligned with shareholders!! They have NOT been selling!!
16 million? Plus the 60 million shorts, and maybe a smaller % of proxy hedge funds they might be able to get this for 20 bucks if management will back that price. But why would they wait until January? Wouldn't that cost management more in taxes?
If someone is buying this company out they better do it soon or forever hold their peace.