Regenx Tech Corp. C.RGX

RE:RE:RE:RE:RE:Any update?

[djstone56]

I think what he meant was that Bob Fair was granted 750k options at a 0.05 exercise price, as part of his hiring package.  He hasn't paid a cent for them yet and in all likelihood, won't exercise them until the s/p is greater than 0.05.  Options are a low risk incentive bonus for management and board members.  In this case, they're good for 5 years.  If the s/p exceeds 0.05 within that time frame, he can exercise/pay for his options at 0.05 and basically make the spread if he sells the exercised options (converted to shares upon exercising) right away...or hold onto them for a greater windfall if he believes the s/p is going higher.  If the Company goes belly up before he exercises the shares, he's not out of pocket...