Mr. Jacobs
I am appologize for the error in my analysis of who has received/will receive stock options. But when the language in the financial reports is unclear those things happen.
But, I can honestly say I have never intentionly mislead the thread and I do not think the magnitude of my misstatments is in the same universe as yours. There have been several occasions that you have made this accusation against me and been proven wrong. One that comes to mind is your accusatory statements regarding the fact that the FAST 1 was not the only device selected as acceptable by WR medics. My email from the person that headed up the study and your subsequent news release acknowledging this to be the case I think clears this one up. The others were honest mistakes that when proven incorrect on subsequent review were promptly acknowledged and appologized for. I know you can not make the same claim
I gleaned the information about the minimum aggregate grant to Dr. Johnson and Ms. Findlay directly from the annual report.
14. Commitments
On July 1 1998, the Company and Pyng Medical Corp., a subsidiary of the Company, entered into an employement agreement with two individuals to act as Vice Presidents, fo the engineering and research and development departments for a term of one year period(sic)...........The Company is to grant an aggregate stock option of, not less than 300,000 common shares to the individuals during the term of employment.
My only mistake could have been that the total for both individuals is 300,000 not 300,000 a piece. But the language is very unclear on this point.
The other references to stock options in my post was taken directly from the annual report using the term director to mean (Jacobs, Lukowski and Turner) and officers to mean Findlay and Johnson (probably the mistake as there could be other officers or they may not be officers although in most companys the VPs are officers). The total options issued to directors/officers is impossible to deny which was the obvious point of the statement. You seem to have a real knack for reading posts especially from me in the most negative possible way which I think is unfortunate.
Anyway, I am glad to take the barbs as they usually result in some information which is my soul purpose of following this thread trying to contribute to the discussion. |
