RE: NCST annual report question"3. About 800k options at average strike $5.75. So, looks like about 4% dilution as price rises."
I wouldn't look at this as a negative DD2. Yes it creates dilution but I think it provides incentive to those who hold the options (presumably employees/management/board members) to get the stock price up. If the strike price was higher than this, it may make them feel their options are out of reach and not worth working for. Also, it means that an extra $4.6 million would come into NCST when they are exercised without the negative press of accesssing the open market with a new share offering.
Chi.