| | | EUO.V: Your cynicism highlights the very reason incentive stock options are good for the morale and motivation of the workforce.....and ultimately improve performance.
We can only speculate about their distribution, but the PR does mention employees, so I am hopeful that these options are being utilized as effective performance incentives for all the critical contributors to the company.
I have worked on both sides of the spectrum, for a company like yours that seams they could care less about employees, and for the largest Employee Owned consulting firm in the US. The contrast between the morale at these companies was like night and day. At the no incentive company, I wasted more time training and retraining new facility managers on their facility regulatory permits and requirements because they couldn't retain their employees....and I could never get the extra time to work on improving efficiency and quality in operations.....it sucked the life out of me.
In contrast, when I worked for the employee owned company, I worked with dedication like a soldier does for his country, I spent two years in the road working 60 hour weeks, I took ownership and pride in everything I did. I earned a performance award for my work for a major airline, where we replaced a competitor and I literally did the job of three of their former employees to deliver value to our client, and was awarded with a plaque and fully-vested shares of stock......a small price for them to pay to secure a multi-million dollar contract.
So yeah, I'm a believer in an appropriately incentivized work force.
As for those complaining about the pricing of the options, the stock was at $0.15 two weeks ago, probably when the paper work was being filed,that's only a 12% discount from current market price. Many big companies offer their employees stock options at the lowest price of the trailing quarter, or stock purchases at a 20% discount to the current market price, so I really don't see what people are griping about an 11% discount.....this is nothing compared to the disparity in the pricing of MBX options that were granted last year (I'm on my phone and not going to look up actual numbers)...but I recall that I was even a bit taken back by it....while many here were defending it based on the lag in filing the paperwork....which in that case was more than a month.
Anywho, I hope these options are adequately distributed to the rank and file with the ability to directly improve company performance.
I also wish you luck in finding an employer that invests in attracting and retaining key talent.....you deserve better! |
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