P
peteriskeller
Guest
i received stock options for a startup company that couldn't afford to pay me. The options were not intended as full compensation, just something they could do. my contribution was generally considered a volunteer with some compensation with stock options.
the company was virtually bankrupt by the end of last year,... though it has not filed. I nonetheless want to claim the income just in case they ever come back...
how do i value these options?
1. at the strike price per share x no. of shares?
2. portion of my work that they were supposed to be paying for?
3. total value of the corporation in 2001 when i received them divided by total number of shares outstanding.
It doesn't seem right to value them by the value of my hours b/c they are woth almost nothing....
thanks!
the company was virtually bankrupt by the end of last year,... though it has not filed. I nonetheless want to claim the income just in case they ever come back...
how do i value these options?
1. at the strike price per share x no. of shares?
2. portion of my work that they were supposed to be paying for?
3. total value of the corporation in 2001 when i received them divided by total number of shares outstanding.
It doesn't seem right to value them by the value of my hours b/c they are woth almost nothing....
thanks!