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Microcap & Penny Stocks : CCEE Breaking Out

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To: Stan Price who wrote (9381)3/4/1998 8:49:00 PM
From: Sam Mak  Read Replies (2) of 12454
 
It ought to be a crime for those insiders to reprice the exercise price of their stock options downward. Stock options are generally considered an incentive to do a good job, to own a piece of the company and reap the reward along with other shareholders when the company is doing well, and on the flip side, suffer along with other shareholders when the company does poorly. Why should anyone care enough about the company's well being and put forth the effort needed to grow the company when the stock options they got are all reward and no risk?

I have been long since the first trading day of 1997, didn't sell when it topped $1, and just last month averaged down. The sequentially improving quarterly report in 1996 and the y2k software lured me into it. I did not average down all of last year because of the exploding number of shares outstanding throughout 1997. I had been visiting this thread several times every month, but have posted only once or twice early last year. BTW, I voted "against" every item except the auditor question, though it didn't seem to matter.

Sam
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