Have you noticed how all the insiders sell all their holding as soon
as they vest. From what I glean out of the reports, Bill L. even
sells off his ESPP as soon as he gets it..
Not that this means anything negative about the company, but it
does call into question the real value of options for exec staff. I'd
prefer for Bill to make $10 mil by holding 100k options for ten
years, rather than selling off 1 mill over the same period to achieve
the same results (except for shareholder dilution).
I guess my vote against the expansion of options didn't carry for
the last special meeting. Not that I have anything against option for the worker bees, but management has taken this extraction to an
art form. And, it's not limited to NETA (this is
more a generic gripe).
As long a the stock price keeps moving upwards, it's hard for me to
gripe, but we all know, for whatever reason, one of these days...
I'd like to see management have more a real than a nominal stake
in the market success of this stock. But, while NETA is hot, there's
little chance of this happening.
The dummy who wrote Mar 60s,
Carl |
