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Showing posts from June, 2006

Backdated Options - Hello SEC?

Message ID: 377508 Posted By: lttscoparty Posted On: 2006-06-04 16:32:00 Subject: Backdated Options - Hello SEC? Recs: 32 I've got to give Bert Young a little credit - sometimes a scam participant does the right thing despite being part of a scam. Since he took over as CFO at SCOX, it appears to me that all Form 4 filings WRT option grants have been quite timely on his watch. Unless I'm missing something, back-dating of option grants is not a regulatory issue for his period of tenure. Robert Bench appears to have been quite the doozy though, and I don't think it will go unnoticed. I figured that the period of interest would be when the stock price ran up during 2003, and I was right. Disclaimer: I will be referring to discrepancies between share prices on the strike date & the date filed as "unjust enrichment". I am not an accountant, an attorney or an SEC investigator - hell, it takes me three or four minutes to count my fingers & t