Stock Options

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If we leave the company when RIC closes, will we get cash for our stocks from the company? If we do not, can we keep our stocks eventhough we no longer work for BL?
If we do get cash, can they "low ball" us without us realizing it?
 






Anonymous said:
If we leave the company when RIC closes, will we get cash for our stocks from the company? If we do not, can we keep our stocks eventhough we no longer work for BL?
If we do get cash, can they "low ball" us without us realizing it?
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Excellent questions that I suspect management and those directed by management will run from until thay are leaglly forced to address.
 
















































I took the stock options with the belief that the company would go public. Since that turned out to be a LIE, I wonder if I can get the lump sum payment that I would have taken if I had known that going public was not going to happen.
 






Anonymous said:
I took the stock options with the belief that the company would go public. Since that turned out to be a LIE, I wonder if I can get the lump sum payment that I would have taken if I had known that going public was not going to happen.
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I believe we have to see the articles of incorporation (which should be public record) and see what dollar value was given to stock shares at time of incorporation. We SHOULD be able to recieve that amount per stock upon leaving. Typically at conception, that amount is $1.00 per share. So you see, when we leave he's really not GIVING us anything (i.e. severance package) he's merely buying back the stock at a substancial discounted rate!! Most of us don't even realize that. That is the "low ball" tactic the former poster was asking about.
 






FYI.... for those who have left or been let go in Tenn. and Az. did not have any stock purchased back or even able to sell the sorry shit back, my guess is: Richmonders will not see anything from the 'STOCK'. But someone should look into it and be let everyone who has already left know, cause I am sure they would like to 'knock' on that door as well.
 






Anonymous said:
I believe we have to see the articles of incorporation (which should be public record) and see what dollar value was given to stock shares at time of incorporation. We SHOULD be able to recieve that amount per stock upon leaving. Typically at conception, that amount is $1.00 per share. So you see, when we leave he's really not GIVING us anything (i.e. severance package) he's merely buying back the stock at a substancial discounted rate!! Most of us don't even realize that. That is the "low ball" tactic the former poster was asking about.
Click to expand...

Please post if anyone has any info about this.
 






Anonymous said:
FYI.... for those who have left or been let go in Tenn. and Az. did not have any stock purchased back or even able to sell the sorry shit back, my guess is: Richmonders will not see anything from the 'STOCK'. But someone should look into it and be let everyone who has already left know, cause I am sure they would like to 'knock' on that door as well.
Click to expand...

The door would get "knocked" on quickly is the overtime door!
 
























Anonymous said:
I believe we have to see the articles of incorporation (which should be public record) and see what dollar value was given to stock shares at time of incorporation. We SHOULD be able to recieve that amount per stock upon leaving. Typically at conception, that amount is $1.00 per share. So you see, when we leave he's really not GIVING us anything (i.e. severance package) he's merely buying back the stock at a substancial discounted rate!! Most of us don't even realize that. That is the "low ball" tactic the former poster was asking about.
Click to expand...

Has anyone else checked on this yet? My council tells me that if we don't ask for it when we leave, he doesn't have to pay us! Above all....get the company statement about this in writing.
 






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