CTP 0.00% 5.4¢ central petroleum limited

the complete idiot’s guide to the election., page-82

  1. 502 Posts.
    Buddy said:

    "And now that I have had another look at the options package, it gets even worse.

    RC will end up having to pay only $19,782,278 for 11.60% of the company, NOT $38,388,690 dollars as previoulsy anticipated.

    And the strike time will be 3.5 years, 5.5 years and 5.5 years to get them exercised.

    Why don't we give him the company, and walk away lol."

    -----------------------------------------------

    Buddy,
    You won't be able to give RC the company because you want to give 10% of the company to Palmer now for $10.4M ....

    But you're right as always ... so lets not pursue this any further .... you win!!
 
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