[/QUOTE]Armstrong has 1,062,500 stock options. Anybody with the patience to read through the Demand IPO documents would see that. Surely something a Journo would do?[/QUOTE]
Velo: Just curious re your calculation of LA's "1,062,500 options." At p 189 of the iPO LA is listed as having 106,250 'beneficially held' options - curious as to how that figure ramps up to over a million as I can see no reference in that section, as is common in other parts of the IPO, to all "numbers being in thousands" etc.
Between LA & LAF I note a total of 1,387,500 shares, split as follows:
P. 189 "beneficially held" options
LA: 106,250
LAF: 125,000
P. 197 "Preferred Stock"
LA: 531,250
LAF: 625,000
I'm unfamiliar with IPOs and share dealings generally - let alone in the US - so have sought some assistance from some finance types here to unpick some of these threads.
I'm particularly curious to work out a value for the total of 61,523 shares that LA & LAF have put up for offer - with an exercise price of $6 and assuming that the proposed price of $15 a share is met on my reckoning that leaves $9 profit per share=$554,067.
But Google's announcement re content farms and the generally negative comment in the press may queer the deal a tad...