>So if the company stays private indefinitely in a sinking market won't the value of those options drop precipitously? i guess, they'll give out even more opti

>So if the company stays private indefinitely in a sinking market won't the value of those options drop precipitously? i guess, they'll give out even more options to keep morale afloat and to counter offers from other companies. Ultimately, 6 months (or whatever restricted period is) after the IPO will be very challenging time for the stock when all this pent up cashing out happens :)