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My personal stock option scandal - RF Cafe Forums
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| Kirt Blattenberger
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Post subject: My personal stock option scandal
Posted: Wed Jun 14, 2006 9:24 am
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| Site Admin |
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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.
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
 RF Cafe Progenitor & Webmaster
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| Ted Cline
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Post subject:
Posted: Tue Jun 20, 2006 11:36 am
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Joined: Fri Aug 26, 2005 8:25 am
Posts: 16
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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
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| yendori
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Post subject:
Posted: Tue Jun 20, 2006 7:17 pm
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| General |
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Joined: Thu Sep 25, 2003 1:19 am
Posts: 61
Location: texarcana |
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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"
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Kirt Blattenberger |
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Post subject:
Posted: Wed Jun 21, 2006 9:20 am
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| Site Admin |
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Joined: Sun Aug 03, 2003 2:02 pm
Posts: 878
Location: Erie, PA |
Greetings yendori: You nailed me
 Do I know you?
_________________ - Kirt Blattenberger
RF Cafe Progenitor & Webmaster
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Posted 11/12/2012
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