RE:RE:RE:New News - confirmation of stock option grant
Hi.. it means these 2 people received 1.4 million stock options in CGX at .82. 1/3 are execercisable now (so about 466,000 shares), which means they can sell up to 466,000 shares when the stock price is above .82 and cash in the difference. Example, if we hit $2.00 a share, less .82 = $1.18/share profit x 466,000 shares = 1/2 million $ plus income. Then in 6 months, they can sell 1/3 more, then remaining 1/3 after one year. You can see if this stock takes off they can make loads of money.