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Non-Tech : Auric Goldfinger's Short List

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To: RockyBalboa who wrote (1078)1/1/1999 6:10:00 PM
From: kurt aichler  Read Replies (1) of 19428
 
Christian, i really don't see your point regarding the option redemption clauses in the recent filing. the "Contingent Options" represent only 25,000 shares that the company has the right to buy back from their consultant. They could buy back these options for 5k, if the stock is above $10 for ten days. Big deal ! What they were trying to do is limit the compensation to their consultant that produced their website. They obviously are anticipating a potential increase in their stock price and don't want the consultant to make more than a certain amount of money. the majority of the stock options paid to the consultant that created the web site are for fixed stock price amounts. the other stock options obviously relate to executive and employee incentives. Don't you think anyone would want to take steps like these, prior to any anticipated stock increase ? i don't think it sounds as fishy as you would like it to be.

jmo

kurt
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