today's news, SEC filing awarding option grants with a 10 year duration at $5.48 for more than 1.6 million new shares. The reason given:
management's progress in advancing HK's business plan!!
What a lame excuse for bleeding the already beleagured common shareholder!
Look what advancing the business plan has already done for the common shareholder! Just about killed us! I like Floyd's ability in certain areas and have voiced this in multiple posts but this one just is too extreme to not yell FOUL!
What a bunch of crock!
Another reason why I was somewhat surprised to see insider buying the other day. They GIVE themselves so much stock, why gamble with real money? Oh well, that's how this game is played.
I once worked for a company who's upper managements very poor decisions made the stock go from $54 down to less than a $1. Not only was the CEO giving himself raises (while layoffs were happening), the entire management team received huge piles of $1 stock options. Two years later and the stock was back at $35. Get up high enough in the corporate world and it's hard to lose.