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Politics : Ask Michael Burke

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To: Don Lloyd who wrote (68976)10/12/1999 10:55:00 AM
From: Freedom Fighter   of 132070
 
Don,

>>>My claim is that the option grant process is a real problem for the shareholder, but not a direct cost to the company as a whole entity. Attempting to convert the dilution into a cash expense only confuses the issue. Valuation must take real dilution into account without allowing buybacks to disguise the issue. Free cash must either be invested in something or paid out as dividends.<<

Agreed. I understand your point better now.

Wayne
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