RE: HuntNGather Actually, I don't think it is an admission that we are not going to see those values.
I think it is just purely opportunistic cash grab for them to do it so that the big raft of options that are slated to expire in May (I believe) will suddenly have value and they can take their pennies (or more) and count that as part of their 'pay' for the year. Then those shares will be part of the total issued and they can wait for things to happen.
BUT, most of these same characters have the dominos lined up for several years into the future with options vesting at different intervals 1.10 ---1.17 etc.
They seem to be asking for a reprice of ALL those options down to .50 so that the options they exercise in May and then on to 2015 and beyond which have been granted to them are at that sweet low price.
I think it is just plain underhanded to request such a thing and to bury it in the report where, let's be honest, most people never read anyway.
They draw very good salaries.
Patrick Power was selling like a mad-man last year driving the price all over the place ... Usually DOWN.
Now we are to give him more options so he can add to his warchest and do it again.
Give me one good reason WHY?
If the company is sitting on a Pink mountain of gold, then they can wait for the mine like the rest of us.
HnG