RC options is a performance related. He has to work hard to achieve the required performance. In addition, the economy, market, and CTP assets have to yield results for his options to vest.
Palmer tried to bully his way in.
True, Palmer pay cash upfront but RC can have a look see. But isn't that the nature of options - the right but not the obligation.
Shale gas is the next big thing according to a CNBC interview, so if RC gets Surprise firing there should be no shortage of funds. We don't need funds by selling equity to Palmer cheaply.
CTP Price at posting:
50.0¢ Sentiment: None Disclosure: Held
