posted
this thing moves on really light volume? fell with 60,000 shares sold, and one 5,000 brought it back up a couple points, any ideas?
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posted
own it at .02 , it does seem to move easily . 2 buys for 5000 ( one at .018 and the other at .02 ) lifted the ask to .03 . have no idea what's going on with this one , but it's a low floater , shouldn't take much . although i was way off on Ateg , gapped down instead of up on Monday . the company's outlook doesn't seem to promising , they came out with one of those ongoing concern statements . but who cares , wont take a jillion shares to do something with it . did run a little a week ago , and hit .04 , looks like it could easily top that , mms would be scrambling if got hit for real .
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posted
All the buying today were partial fills . Now , just found something else out about these small trades . Some may not be partial fills at all , seems that there are certain trading progs that can hide the amount of a particular transaction . So , these could have been partial fills , or maybe they just showed up as them , could explain why only 10,000 shares moved it up , the actual number of shares bought may in reality have been higher . Either way , the last two moved the ask . Getting interesting , no doubt .
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Item 1.01 Entry into a Material Definitive Agreement Employee Stock Option Amendments
On May 27, 2005, CareAdvantage, Inc. (the Registrant) amended outstanding stock options previously granted pursuant to the Registrants 1996 Stock Option Plan, including stock options granted to Dennis J. Mouras, the Chief Executive Officer of the Registrant, and David G. Noone, Director and former Chief Executive Officer of the Registrant, that have an exercise price in excess of $.01 per share, effective as of May 25, 2005. The amendment reduced the exercise prices of such options to $.01 per share. The last closing price for the Registrants common stock as of May 25, 2005 was $.02 per share. As a result of the amendment, options to purchase 7,460,000 shares were affected, of which options for 4,500,000 shares had been issued to Mr. Mouras and options for 800,000 shares had been issued to Mr. Noone.
Director Stock Option Amendments
On May 27, 2005, the Registrant amended all outstanding stock options with an exercise price greater than $.01 per share previously granted to the Registrants directors pursuant to the Registrants Directors Stock Option Plan, effective as of May 25, 2005. The purpose of the amendment was to reduce such exercise prices to $.01 per share. The last closing price for the Registrants common stock as of May 25, 2005 was $.02 per share. As a result of such amendment, options to purchase 300,000 shares were affected.
Directors Stock Option Plan and New Grants
The Registrant has in effect a Directors Stock Option Plan which was adopted on June 6, 1996 and amended on July 24, 1996 and January 26, 1999 (the Directors Plan). The Directors Plan provides that the number of shares subject to the Plan shall be equal to 2% of the authorized shares of common stock of the Company. On January 19, 2001, the Company increased its authorized shares of common stock from 103,600,000 to 200,000,000 shares. As a result, the number of shares reserved for issuance under the Plan is 4,000,000 shares (the number heretofore reported by the Registrant had not been updated to reflect the increase in authorized shares).
On May 27, 2005, the Board of Directors of the Registrant granted stock options to purchase 1,850,000 shares of the registrants common stock to each of its non-employee directors, David J. McDonnell and David G. Noone, effective as of May 25, 2005. The exercise price for these options is $.01 per share, and each option is exercisable as follows: (i) options to purchase 1/3 of the shares become exercisable on May 25, 2006, and (ii) options to purchase the remaining 2/3 of the subject shares become exercisable in 24 equal monthly amounts beginning on June 25, 2006, and on the 25th day of each of the following 23 months. The last closing price for the Registrants common stock on May 25, 2005 was $.02 per share. As a result, options to purchase an aggregate of 4,000,000 shares have been granted and are outstanding.
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. the company's outlook doesn't seem to promising , they came out with one of those ongoing concern statements . but who cares , wont take a jillion shares to do something with it . did run a little a week ago , and hit .04 , looks like it could easily top that , mms would be scrambling if got hit for real .
