Re: Subject: stock options

Subject: Re: Subject: stock options
From: "Bruce Wolf" <bwolf -at- scheidt-bachmann-usa -dot- com>
To: "TECHWR-L" <techwr-l -at- lists -dot- raycomm -dot- com>
Date: Tue, 26 Mar 2002 09:11:28 -0500

Darren: Could you buy a fifth with the fifth that was left?


Techwriter tie-in: Sometimes you need a fifth.

----- Original Message -----
From: "Darren Barefoot" <darren -dot- barefoot -at- capeclear -dot- com>
To: "TECHWR-L" <techwr-l -at- lists -dot- raycomm -dot- com>
Sent: Tuesday, March 26, 2002 9:04 AM
Subject: RE: Subject: stock options

> We actually came up with a term for this when it happened at our
> company:
> quadriquintecimate - (v) To reduce by four-fifths.
> Ms. Wright wrote:
> There are a couple of other tricks to look out for as well. One is the
> "reverse-split," wherein the board decides to reduce the outstanding
> number of shares by a certain ratio (e.g., divide the total shares,
> including options, by 5). In theory this multiplies the value of each
> share, but I had one experience where the board later re-valued the
> option price to the original pre-split value, so they effectively simply
> stripped us of options.

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RE: Subject: stock options: From: Darren Barefoot

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