And in other news, it is apparent that the sale of the plane and the sale of the office building did not yield enough cash for whatever their needs may be. They also sold off 10 acres of their headquarter property for a cool million AND it already went to settlement. Now I am not sure how many acres are there to begin with but 10 acres is a decent chunk!
Gosh, what could be prompting all these sales?
I missed this yesterday. This is just the tip of the selloff iceberg--just wait. They need some big bucks to defend against the lawsuits and if they lose to pay any fines.
ReplyDeleteWhat is their liability of all that stock they give as bonuses. Doug said they are valued at $1 and if those shares vest, who is responsible for the differnece of $1 and the current stock prioce of 30 cents
"Doug said they are valued at $1 and if those shares vest, who is responsible for the differnece of $1 and the current stock prioce of 30 cents."
ReplyDeleteNobody is responsible. It just means that their stock is only worth 30% of what they thought their bonus was. Oops!