Hilarious - just think of all the SLT who have been building up their financial future on their stock awards.
As these were over $27 not too long ago, given a stock price of $2.70 today, their ‘stockpiles’ are only worth 10c on the $ now.
Oh, what a shame.
Right now you are riding into town on the skeleton of a dead horse. Good luck.
@a8 that part is accurate. I was responding to the write off/no tax comment. SB is working to ensure the remaining SLT members will not feel the effects of the stock decline. Review the spring shareholder meeting.
@a7 please explain - I think the post is making the point that prior SLT stock awards were at a higher amount in value, therefore what was a 10k stock award at $27 = $270k is now worth only $27k
Um, WTF did you just say? Their income is worth 10 cents on the dollar and you are babbling about write offs? I would explain it to you but not a chance you would follow.
Um.... I think they can write it off as a loss and carry forward, effectively avoiding Federal Income Tax forward in perpetuity to the amount of the paper loss.
SB is probably not paying taxes, legally