Weighted-Average Options Exercise price of .38 From the latest Management Information Circular:
As of 12-31-2011:
Number of securities to be
issued upon exercise of
outstanding options,
warrants and rights = 20,139,999
Weighted-average exercise
price of outstanding options,
warrants and rights =
.38
Number of securities,
remaining available for
future issuance under equity
compensation plans = 13,531,488
From Incentive Plan Awards table in the document,
Wade has about 7,275,000 options (2,225,000 @ .65 by 2/22/16, 600,000 @ .5 by 11/9/12, and 4,450,000 @ .17 by 2/9/15
Note the November 9 2012 exercise date above.
I also see that Leroy Wolbaum has a total of 1, 425,000 options (including 300,000options @ .50 to be exercised by 11/9/12).
Derrick Armstrong, Dallas Droppo and Paul Crilly each have 1,125,000 options.
OK, now let's see how much stock is sold by these insiders in the next month to finance exercise of some of their very generous options).