GREY:RGVNF - Post by User
Comment by
Monedas1on Dec 13, 2006 4:38pm
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Post# 11862392
RE: Eberhard Made $100K Today. . . Confusion
RE: Eberhard Made $100K Today. . . ConfusionClarification,
You are misunderstanding options. Mueller and Wilson paid $300,000 each to exercise their options. These were NOT free shares. You too could have tried to purchase 1,000,000 shares today for .30. Yes, the price of Regents went up and so did their purchase, just like yours would have gone up if you had bought for .30.
Their advantage was that they got filled, so to speak, for 1,000,000 shares at .30 without having the price going up. I think their options were set to expire this week. You would really would be having a cow if the price of Regent had been .60 and their options filled at the previously agreed upon price of .30 and this would have been OK. I am sure that Regent's management expected the share price to be a lot higher when they had to buy their options.
Then, you sell some of your previous shares at a high price to pay for your cheap options. Regent's management could not proceed this way because our share price is down.
Their buying at .30 is "bullish" for share price.