SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Naxos Resources (NAXOF)

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Larry Macklin who wrote (13584)6/16/1998 1:15:00 AM
From: bill maghan  Read Replies (4) of 20681
 
OK , who do you think set up the "old management" with the legal affairs and advised the company about all the legal matters?
which president or CEO always took options and immediately sold them for personal gains and never invested in the company except for 4000 shares as a token ?
let's see 50,000 minimum incentive stock options to each director for showing up and hopefully working for our good as shareholders,
plus executive officers get another 50'000 to 350,000 options for wages plus the usual benefits, whatever they want..at a maximum discount to market price of course like all good little pps..
then the management or key employees who probably are the workers, that try to support us, another 25,000 to 75,000 options plus wages
now the poor staff get 10,000 to 30,000 options for answering any questions and solving the problems of working for..
let's not forget the "outside consultants" who can be bought off and sold off another 25,000 to 150,000 options besides whatever fees
It's not hard to discount the market price... just watch this "new" management" team in action with their options ..why not give them a goal or price to achieve in order to get options, why discount the price to them????
Yes sir this "new" team looks like a winner.. but for a R&D company they don't look long term to me just short termers running with our money and it must be legal or ethical ...right?
At least JJ reinvested into this company ...the "new top management " just takes the money and runs......
IF YOU DON'T VOTE YOUR PROXY ...THEY WILL and for their own ethics on your money, time,and shares.PLEASE VOTE your own PROXY don't default to...
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext