Why do people keep harping on that the company "wants money up front" in the ELF program and that this is some sort of affront - plenty besides you @prosperman who take this position.
Noone made you sign on - you could have just let your options expire. Your choice.
And if you decided you wanted to sign on to the ELF you had the opportunity to capitalize all interest payments - let the company take the entire risk with no recourse other than the shares if everything turns to crap.
Protesting the rate or up front interest payments seems a little churlish - if you don't want to should er any risk at all you surely can't begrudge the company taking a couple of point?
They even gave people an option to reduce their payments if they were willing to assume some risk - no compulsion, but an option.
The only up front you needed to pay to keep your "options" alive was the application fee.
... and "Payment before performance" is hardly an unknown proposition in the investment world - more like the norm.
Plenty of reasons to be disappointed but IMHO the ELF is hardly one of them.
GLTAH.
Why no trades?, page-84
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