EMR Microwave Technology (EMW.A) Message Board

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Gold/Mining/Energy : EMR Microwave Technology (EMW.A)

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To: timroy who wrote (356)	2/3/2000 4:22:00 PM
From: BAKE	Read Replies (1) of 397

I don't like the sounds of it!!! You can probably tell by my tone, that I am presently dissappointed with this company. This press release sounds like a little "BONUS" for the insiders. It was initially an agreement to give out....'up to 5,000,000 shares' to insiders and certain stock holders as a "PERFORMANCE INCENTIVE". ie.......If the company had $500,000 cash flow...... then (0.20*500,000)= 2,500,000 shares would be given out as a reward for their good work. GUESS WHAT-------> NO CASH FLOW by the end of 1999. Now they want to extend their little reward agreement for another 5 years. The press release states that it must be approved by "DISINTERESTED" share holders at the next annual meeting. I am assuming that 'disinterested shareholders' are YOU and ME as we are 'not' part of the reward agreement. I will be voting "NO" to extend this agreement for another 5 years unless we see some substantial progress in this company leading up to this years meeting. Gary Baker. Please respond if I seem to be interpreting this press release all wrong.

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