PYNG Technologies Message Board

STOCKTALK

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 : PYNG Technologies

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jack Rayfield who wrote (4279)	8/12/1999 4:31:00 PM
From: AriKirA	of 8117

Hi Jack, Finally got some time to take a look at the VSE rules, by-laws and policies. A summary of what I found is included in the following posts. The following is my understanding of the situation after having taken a quick glance of the pertinent securities legislation. Before going on I would like to underline the following excerpt of Policy XXIII pertaining to Director and employee stock options. After having read the following post techstocks.com I got the impression that Mr Jacobs does not quite understand the true purpose of Incentive stock options. Thus, I decided to refresh his memory: Director, officer and employee stock options commonly referred to, as incentive stock options are means of rewarding future services provided to the company. They are not intended as a substitute for salaries or wages , or as a means of compensation for past services rendered. Hmmmmm, not intended as a substitute for salaries or wages. Should I refer to the exact words used by Mr Jacobs? nah... Not only is repricing options looked upon very negatively by the investment community but it gives the impression that management feels that they weren't compensated enough for pas services rendered! AK

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next