RE: Options Issued at $0.81...
I am not extremely familiar with the regulations regarding the issuing of options ( I should be ), but to my understanding the exercise price is non-standardized and is often the current price of the company stock at the time of issue. Alternatively, a formula may be used, such as sampling the lowest closing price over a 30-day window on either side of the grant date. Does someone more informed then me know the rules regarding both the amount inregards to quantity/price/duration that a company may issue itself options as non cash compensation.
Thanks