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R31Nismoid

Vic Wasteland Thread - 15.0

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Options.
Execution or something. Not sure why it needs a trading halt, but whatevs.

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work for said company.

Options are a promise of a share at a set price given to staff to aid loyalty

These will usually be available to you over a period of time at a set price.

so you only profit if you stay with the company and the company goes up in value.

 

Eg as part of our annual review at previous company we were eligible to options.

 

we might be given 1000 options that vest over a 4 year period, so we had access to 250 per year. (some might be a single issue at a set date others might be over 10 years depends on time and offer.

say the issue price was 30 dollars.

in 12 months we could access 250 options at 30$

if the share price was 40$ now this was a great thing. I got 2500$

if the share price tanked and was at 20$ it was not worth excising the options and if they get to the expiry date prior to getting back over 30$ then they were worthless to us.

 

we had people who were issued options at the top of the dot com boom at 200$ plus.

 

1 year later the share price was 8$  lets just say they were never exercised.

 

 

 

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4 hours ago, dezz said:

How does one acquire said options?

 

88EO is the stock code for the current options

They can be traded just like shares, or converted into shares if you pay the 2 cents per share or whatever it is to convert

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So if no one exercises their options at 2c, fair to say they ain't finding shit down the hole..

Being offered at .007 doesn't seem too promising

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Options end in March, so steer clear.

CPH and MXC are doing well overall IMO. I don't have much invested, but good time to get in or top up I think. I also got the run in on BYE but not sure if it will go much higher, had a successful drill that goes into production in 2 months I think.

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3 hours ago, dezz said:

So if no one exercises their options at 2c, fair to say they ain't finding shit down the hole..

Being offered at .007 doesn't seem too promising

Few reasons people wouldn't exercise their options:

- they can't afford to. Many people spend all the investment money they can on options to maximize their leverage, so that if the company ever does take off massively they just borrow money or pour more cash in to exercise them and end up better than if they'd bought heads. Borrowing money if the company hasn't taken off yet is not very wise.

- they don't have faith in the company to come through with goods

- they haven't spent that much on options and already have heads anyway

- they forget about the expiry date

- they trade options just like shares with no intention of ever exercising them

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On gardening leave

now what

edit: I don’t have a garden

Edited by HEKT1K
Dgkklss
  • Haha 1

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Resigned or f**ked off elsewhere lawboy?

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Is there a conflict of interest preventing him from working or is this just how lawyers switching firms works?

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2 hours ago, joeyjoejoejuniorshabadoo said:

 


One would assume if he's on gardening leave he's taken a role with a competitor

 

This

 

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You can still get gardening leave if you resign and are currently working on cases, depending how your firm approaches that...wouldn't be difficult to sell information to opposite counsel

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don;t you just get told not come back and paid out?

Any-one with customer account info here doesn't make it back to their desk to work after a resignation letter.

 

safer that way.

 

no idea what our current non compete contracts are.

I've legacyed in from years back with a support role.

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88e oversubscribed, am I losing more money today or making back a fraction of my losses?

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well...

 

some-one has agreed to buy a bunch of shares at 2 cents when they are trading at 2.8 cents if the people running the business don't want to purchase them..

so think to yourself why people running the business would not want to buy shares in their own company at 30% under market value.

 

 

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As it was oversubscribed, this is a good thing for confidence in the company and our bank account.

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