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My personal stock option scandal - RF Cafe Forums

The original RF Cafe Forums were shut down in late 2012 due to maintenance issues - primarily having to spend time purging garbage posts from the board. At some point I might start the RF Cafe Forums again if the phpBB software gets better at filtering spam.

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Kirt Blattenberger
 Post subject: My personal stock option scandal
Posted: Wed Jun 14, 2006 9:24 am 
 
Site Admin
User avatar

Joined: Sun Aug 03, 2003 2:02 pm
Posts: 878
Location: Erie, PA
Greetings:

With all the stock option scandals in the news lately, I though I'd give you a look into my own. When I hired on in December of 2001, the stock price was around $25. The scandal here is how worthless my options are based on the original issue price - around $6.25 today.

Image

The good news is that the options were re-issued. The bad news is they were re-issued at a 1-for-2 exchange. The good news is that I didn't have all that many to begin with. The bad news is the current price is lower than the re-issue price. The good news is that we're an excellent company and some day, somehow, the stocks will rise again. More good news, if you subscribe to the adage that misery loves company, is that our ups and down pretty much track our biggest competitors, so the low stock prices are an industry curse, not just unique to us.

_________________
- Kirt Blattenberger :smt024
RF Cafe Progenitor & Webmaster


 
   
 
Ted Cline
 Post subject:
Posted: Tue Jun 20, 2006 11:36 am 
 
Captain
User avatar

Joined: Fri Aug 26, 2005 8:25 am
Posts: 16
Hi Kirt, very funny!!! My own stock options were issued in 1998 by a then-respected start-up that everyone thought would live forever. If we haven't been de-listed yet, we're awfully close to it. I was counting on retiring by 2000 - no kidding. I was hoping to need some ot that suddenly-wealthy syndrome counceling. Not.

I liked your earlier quote frmo a bumper sticker about "Please God, one more bubble." It's so true here on the Left Coast.

Chaars.

Ted


 
   
 
yendori
 Post subject:
Posted: Tue Jun 20, 2006 7:17 pm 
 
General
User avatar

Joined: Thu Sep 25, 2003 1:19 am
Posts: 61
Location: texarcana
Well, I happen to own some of that stock too, Kirt. I'd recognize those peeks and valleys anywhere.

It is a great company. I'm sure you guys still have the "Fire in the Belly"


 
   
 
Kirt Blattenberger
 Post subject:
Posted: Wed Jun 21, 2006 9:20 am 
 
Site Admin
User avatar

Joined: Sun Aug 03, 2003 2:02 pm
Posts: 878
Location: Erie, PA
Greetings yendori:

You nailed me :-D

Do I know you?

_________________
- Kirt Blattenberger :smt024
RF Cafe Progenitor & Webmaster





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