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Technology Stocks : THQ,Inc. (THQI)
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To: jttmab who wrote (11968)11/9/1999 6:01:00 PM
From: Jim Munroe  Read Replies (1) of 14266
 
>>There was also some reluctance to approve a board recommendation for ...was it an increase in authorized shares? Anyway, you know who you are and exactly what was said. What say you now?<<

It certainly wasn't about the number of authorized shares--a number something like 90 million which wasn't changed during the reverse split. I think the debate was over what seemed to be excessive options being granted without a higher strike price and no holding period. The impression was--and to a large extent still is--that these options are flipped very regularly. When the stock was under pressure, the selling of these options added to the drag on the price and created the appearance of little management confidence evidenced by extensive insider selling and virtually no insider buying. I am not against options but I would like to see a reasonable minimum holding period and/or a strike price above the closing price the day the options are granted. Options should give the principals a longer term stake in the company.
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