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Technology Stocks : Orckit (ORCT)

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To: Madharry who wrote (1992)	8/12/2001 2:33:59 PM
From: FreedomForAll	Read Replies (2) of 1998

If anyone is still here (11 months since last post) please be advised that the board of directors of ORCT is asking us to approve a reduction in the insiders exercise price of 300,000 options from $7 per share to about 2 cents per share! We are supposed to give approval to practically give 300,000 shares of our company to the jerks who have done such a pathetic job for us. Well the share price has dropped about 95% over the past 18 months thanks to the brilliant work of these bums. They have not met a single estimate that they projected. These incompetents estimated profits 3 years ago! Now they want us to GIVE THEM a $2 million discount on their shares!!!! How about them giving us all their shares instead???? The way I see it they shouldn't get a bonus until after the share price goes up considerably. Without the change they get a reward above $7 per share. I think that is bloody generous! PLEASE VOTE THIS PROPOSAL DOWN. IT TAKES ONLY 1/3 of small shareholders agreement to pass this. They have set it up so most of us can vote against it and it still passes!!! These guys are !@#$%^& thieves! Freedom

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