8
Stoner
7y

At a previous company, we got stock options. My options wouldn't have made me a millionaire but it wasn't chump change, either.

For months, we went through the whole "we can't say we're going public but watch what you say" game.

One Monday, they called us down by groups to one of the large conference rooms to tell us paperwork was filed, that we were in a blackout period, and, oh, by the way, all those stock options were split 1-for-2 (half the stocks at twice the price.)

I really wanted to punch those smug motherfuckers when I watched them ringing the bell on the balcony of the NYSE.

Comments
  • 1
    You mind explaining how that affected you, I don't quite understand as my quick research drew me to the conclusion that you just get less stocks in amount, but your overall stake/capital/return on investment, should stay the same?
  • 0
    @RStrydom It affects you when you sell. Would you rather have 500 shares to sell or 1000?
  • 0
    500, seems like I would like to get rid of it faster if I want to sell it, but if it's at a higher price then it's more per stock. Obviously I can imagine if that price got to high, then yeah it's like sitting with generators to sell, but everyone has power now. (My country had a stint where we had major city block blackouts due to having to downgrade the power usage on our grid)
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