Hey guys,

I was introduced to the Motorola Stock Purchase Programme for Moto employees in Penang. It seems that we get to buy the shares at a 15% discount of normal price.

But my question is this: Stocks are sold in USD and we are paid in RM; what happens to the forex charges to change our money into USD to purchase the stock and when we sell it in USD we have to convert back to ringgit?

We have to pay the conversion rate twice?

Thanks.

So do I have to pay for the spread (changing from RM to USD-buy sell difference)?

Edit: Thanks. I forgot to thank you in my haste.

This post has been edited by kaiserwulf: Dec 16 2008, 09:59 PM

Thats because my friend at Moto was mentioning the plan to me; chatting about company benefits. I asked him about charges for the exchange rate and he was unsure.

@vin_ann: I do not understand the intent behind your post. If you are an employee of Moto or ex-Moto, then please feel free to share.