Do you understand weighted average exercise price?Intellectually do you understand weighted average exercise price calculations for stock options?
Perhaps you would like to explain, Intellectually or otherwise.
Please begin your dissertation with the numbers listed on page 22 of the 2013 audited financial statements. In that chart 1,100,000 options were outstanding at Dec 31, 2013. This includes 845,000 with an average excercise price of $0.58. Those include 600,000 options issued at $0.40 by the new board as well as the remainder of 245,000 issued at $0.60 by the previous board. There were 300,000 newly granted in 2013 at an average exercise price of $0.63. These were granted under the new plan that the board concocted, but which has not yet been approved by shareholders. There were 45,000 share options granted to Jim Taylor that expired in 2013 which had an average exercise price of $0.48. If you had taken the time to read or proofread the summation line at the bottom of the chart you would see that their average exercise price was $0.53 not $0.25. So where did this board come up with 1,100,000 share options outstanding priced at $0.25 when they wrote up the first quarter report?
No share options have been issued at anywhere near such a low price since about 2004. They were exercised or forfiet a long time ago.
I am quite knowledgeable about what a loose goose does and you are doing it. When a mistake has been made it is best to admit it, apologize for it and promise to not make the same mistake again.
But please, if you feel that you have some bona fide explanation I would really and truly love to hear it. We all need a good laugh every now and then.
All the best.
B&D