Mister Eclectic (howeird) wrote,
Mister Eclectic

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Considering my Options

One of the things I did not do during my 2 years at Kasenna was exercise my stock options. Almost half of the 70,000 shares at a miniscule price have vested, and I have 90 days to send them a check. I'm thinking about it, along the lines of "how much money can I afford to lose?" If I bought the whole lot it would be about equal to a week's take-home pay. Less than a month's rent. More than a good 18-200mm Nikon digital zoom lens, less than the new Nikon D-200 camera.

"How many nacho chips?", I jear edith_mf ask. I don't know. I don't buy nacho chips. But we're talking lunch money for about 3 months or so.

The reason I'm even doing the numbers is today one major company announced it is buying one of Kasenna's competitors, and two other major companies are bidding for two other competitors. Kasenna's new CEO was obviously put on board to get the company sold. As an ex-employee, I have no insider information. As a technical staff employee I probably wouldn't have either, but it would have been harder to prove that to the SCC. If I buy stock now, before there is any hard data, and Kasenna is bought, my piddling investment could blossom into something worthwhile. On the other hand, after 7 years of ventur funding, the stock is probably very diluted, and maybe I wouldn't even get back my few cents per share. I'll have to cogitate some more.

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