The fair market value of the incentive stock options from my previous company dropped significantly and now it is only 60% of my strike price. Fortunately, the preferred price is still higher than my strike price so I am kinda facing the dilemma. 1. If you were I, would you exercise? 2. If I exercise these underwater options anyway, can I claim any kind of loss?
If you end up buying them please dm me. I am happy to sell you some stock at a premium.
Forget for a second that you have these options and you're an employee—from the viewpoint of an investor, would you invest your money in this company?
Never in a million years.
How do you have the options from a prev company? Dont they expire in 3 months?
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Because the preferred price (the price VCs is willing to pay) is still higher than my strike price and the business is still growing slowly.
One possibility is if it is the only way to buy stock in the company and you really really want to invest.